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CBSE › Class 7 › Social Science › Understanding Markets (Class 7 NCERT New)
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Answer all 10 questions, then tap Submit to see who wins.
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1. Market where one firm controls all production:

2. Highlighting product differences to attract buyers:

3. When sellers agree to set prices or limit production:

4. Demand increases when someone knows they will soon have their tax refund money:

5. Supply decreases due to rising costs of materials to produce a good:

6. Total revenue is:

7. If a town’s population shrinks, what happens to demand? Why?

8. Ford expects steel prices to rise. What happens to car supply? Why?

9. Market with identical products and easy entry:

10. Market with similar but differentiated products:

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