Demand and Supply Mcqs Test 03 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 03 Preparation Online

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

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

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

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

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

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

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

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

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

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


 

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