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Topic Market equilibrium
Asked 2 times in CDS over 10 years (2014–2024), peaking in 2014.
Key insights
- Most tested in CDS — 2 of 2 PYQs
- Most asked in 2014
- Recurs across 2 years (2014–2024)
Across exams
CDS · 2How the concept evolved
Long-running — most appearances (1 of 2) predate 2016, and it still returns.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CDS2024
Under normal downward sloping demand curve and fully elastic supply curve of a commodity, an exogenous decrease in demand would lead to
- A increase in equilibrium price and quantity
- B decrease in equilibrium price and quantity
- C decrease in equilibrium quantity and no change in price ✓
- D increase in equilibrium price and no change in quantity
✓ Correct answer: (C)
Economy › Macroeconomics
CDS2014
Which of the following statements is/are true?
- If increase in demand and supply are of equal magnitude, the price will remain unchanged, but the equilibrium quantity will increase
- If increase in demand is of greater magnitude than increase in supply, both equilibrium price and equilibrium quantity will increase
- If increase in supply is of greater magnitude than increase in demand, equilibrium price will fall but equilibrium quantity will increase
Select the correct answer using the code given below:
- A 1 only
- B 1 and 2 only
- C 2 and 3 only
- D 1, 2 and 3 ✓
✓ Correct answer: (D)
Economy › Macroeconomics
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