Demand and Supply Mcqs Test 03 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 03 Preparation Online

1. If price and total revenue move in the same direction, then demand is?
A.
B.
C.
D.

2. When price elasticity of demand for normal goods is calculated, the value is always?
A.
B.
C.
D.

3. An increase in demand would cause supply curve to?
A.
B.
C.
D.

4. Income elasticity of demand for normal good is always?
A.
B.
C.
D.

5. Demand is a function of?
A.
B.
C.
D.

6. Which one is the assumption of law of demand?
A.
B.
C.
D.

7. Which one is increasing function of price?
A.
B.
C.
D.

8. Supply curve will shift when?
A.
B.
C.
D.

9. What does price elasticity of demand measure?
A.
B.
C.
D.

10. It describes the law of supply?
A.
B.
C.
D.


 

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