CA CPT Model Test Paper 13 with solutions for online practice

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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 of 200

Marks: +1, -0

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

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