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Business Data Management · Quiz 1 · 5 Jun 2022 · May 2022 term

Question 16: Any price higher than the market-clearing price will lea…

Question 16

+1 markOne or more correct options

The following table gives the sales and purchases of eggs at a Kirana store. With this information, answer the given subquestions assuming a linear relationship between price and quantities.

Any price higher than the market-clearing price will lead to (choose all that is applicable)?

Select all that apply.

  1. A

    More eggs being purchased

  2. B

    More eggs being sold

  3. C

    Less eggs being purchased

  4. D

    Less eggs being sold

  5. E

    Will have no impact on the eggs being purchased or sold

Show answer

Correct answers

  • B

    More eggs being sold

  • C

    Less eggs being purchased

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Question 16 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 5 Jun 2022, in the May 2022 term (IIT M DIPLOMA QUIZ1 EXAM QPE1 05 Jun 2022 IBA). It carries 1 mark.

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