Demand and Supply Mcqs Test 04 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 04 Preparation Online

1. In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is?
A.
B.
C.
D.

2. Which is not a central problem of an economy?
A.
B.
C.
D.

3. During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to?
A.
B.
C.
D.

4. Supply surve?
A.
B.
C.
D.

5. Economic problems arise because?
A.
B.
C.
D.

6. What best explains a shift in market supply curve to the right?
A.
B.
C.
D.

7. When supply of a commodity increases without change in price it is called?
A.
B.
C.
D.

8. If price changes by 1% and supply changes by 2% then supply is?
A.
B.
C.
D.

9. Which is not an essential condition for an economic problem to arise?
A.
B.
C.
D.

10. If elasticity of supply is greater than one. Supply curve will be?
A.
B.
C.
D.


 

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