Demand and Supply Mcqs Test 03 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 03 Preparation Online

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

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

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

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

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

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

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

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

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

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


 

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