Test Index

CA CPT Model Test Paper 13 with solutions for online practice

Questions 20 are based on the demand and supply diagrams in Figure 1. D1 and S1 are the original demand and supply curves. D2, D3, S2 and S3 are possible new demand and supply curves. Starting from initial equilibrium point (1) what point on the graph is most likely to result from each change?

Question : 120

Total: 200

If Figure 1 represents the market for Mars Bars, the initial equilibrium is at the intersection of S1 and D1. The new equilibrium if there is an increase in cocoa prices will be:

Point 3.
Point 9.
Point 4.
Point 2.

Validate

Go to Question:

Prev Question

Next Question

More Free Exams:

CA CPT Model Papers
CA CPT Previous Papers
ICAI CA Foundation Chapters wise Papers
ICAI CA Foundation Previous Papers