Economics · General Equilibrium Theory
In Walrasian tatonnement, if excess demand for a good is positive, the auctioneer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Keeps the price unchanged until equilibrium
- 2Lowers the price of that good
- 3Withdraws the good from the market
- 4Raises the price of that good✓
Correct answer
Raises the price of that good
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice General Equilibrium Theory MCQs →Want more practice questions on General Equilibrium Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · General Equilibrium Theory