Equilibrium in a perfectly competitive market can be defined alternatively as:

Suppose the government sets a price for agricultural goods in the market. The market would react unless measures are taken by the government to maintain the price. Arrange the correct sequence for the procedure.

A. There would be excess supply in the market.

B. The government needs to buy the surplus at a pre-determined price.

C. The prices would fall.

D. Prices for agricultural goods are set higher than the market price by the government.

Choose the correct answer from the options given below:

The price and quantity demanded are __________

When demand curve shift rightward and supply curve shift leftward what impact this will have on pricing?

If the demand for salt increases supply remains the same and the new demand curve is

$Q_D = 400 - p$

What will be the new equilibrium price and quantity?

Identify the correct sequence of events when a minimum support price is imposed:

(A) Government buys the surplus at the predetermined price.

(B) Situation of Surplus occurs due to imposition of floor price.

(C) Government sets a minimum price.

(D) Market equilibrium occurs by the intersection of demand and supply curves.

Choose the correct answer from the options given below:

A hurricane in some parts of the country destroyed a major part of the onion crop. Arrange the chain effects of the same on onion market in proper sequence.

(A) There will be upward pressure on the price of onions.

(B) The buyers will compete in order to get onions in the market.

(C) Demand contracts and supply expands until the market achieves a new equilibrium.

(D) The market supply of onions decreases, leading to excess demand for the same.

Choose the correct answer from the options given below: