What happens when both demand and supply curves shift rightwards simultaneously? Identify the correct statements from the following in this context.

(A) Qunatity will increase.

(B) Qunatity will decrease.

(C) Quantity will remain unchanged.

(D) Price may increase, decrease or remain unchanged.

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Let us consider a linear demand curve $q = a - bp$. On the same demand curve, arrange the elasticity in ascending order.

(A) $|e_D| = 1$.

(B) $|e_D| < 1$.

(C) $|e_D| > 1$.

(D) $|e_D| = 0$.

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Arrange the following statements in chronological sequence about how government intervention in the form of price control has an impact on the market.

(A) There will be an excess demand for sugar in the market at that price.

(B) Government-imposed upper limit on the price of sugar.

(C) Quantity of sugar can be distributed to everyone, through a system of rationing.

(D) It could end up creating a shortage of sugar in the market.

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Arrange the following in correct sequence, to correct the problem of mismatch between supply and demand forces:

(A) There is excess demand in the market.

(B) All other things remain the same as price rises, quantity demanded falls and quantity supplied increases.

(C) Some consumers who are either unable to obtain the commodity at all or obtain it in insufficient quantity will be willing to pay more than the prevailing prices.

(D) The market moves towards the point where the quantity that the firms want to sell is equal to the quantity that the consumers want to buy.

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Arrange the following statement when the market demand curve shifts rightward with the supply curve remaining unchanged.

(A) The shift indicates that at any price the quantity demanded is more than before.

(B) Some individuals will be willing to pay higher price and the price would tend to rise.

(C) There is excess demand.

(D) At the new equilibrium, quantity and price will be greater than before.

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For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is :

Suppose in the long run, the government imposed a tax on the supply of a commodity. How does it affect the equilibrium quantity of commodity?

1. The quantity of commodity will decrease.
2. The quantity of commodity will increase.
3. The quantity of commodity will remain same.
4. The supply curve will shift rightwards which will decrease quantity of commodity.