Demand and Supply Mcqs Test 03 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 03 Preparation Online

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

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

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

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

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

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

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

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

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

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


 

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