Demand and Supply Mcqs Test 07 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 07 Preparation Online

1. In the case of a Giffen good, the demand curve will be?
A.
B.
C.
D.

2. The budget-line is also known as the?
A.
B.
C.
D.

3. Which one is not a assumption of the theory of demand based on analysis of indifference curves?
A.
B.
C.
D.

4. Which of the following statements is incorrect?
A.
B.
C.
D.

5. If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to?
A.
B.
C.
D.

6. An indifference curve slopes down towards right since more of one commodity and less of another result in?
A.
B.
C.
D.

7. The Revealed Preference Theory deduces the inverse price-quantity relationship from?
A.
B.
C.
D.

8. The elasticity of substitution between two perfect substitutions is?
A.
B.
C.
D.

9. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be?
A.
B.
C.
D.

10. The consumer is in equilibrium at a point where the budget line?
A.
B.
C.
D.


 

Leave a Reply

Your email address will not be published. Required fields are marked *

Copy Paste blocker plugin by jaspreetchahal.org