[{"id":180861,"question":"Qd = 50 - 5P people will demand 50 when price of the product is:","choices":[{"text":"Very high","value":"A"},{"text":"Very low","value":"B"},{"text":"Zero","value":"C"},{"text":"Unity","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180860,"question":"Q<sub>d</sub> = 12 - 2P<div>Q<sub>s</sub>= -4 + 6P in this market model, P and Q are respectively.</div>","choices":[{"text":"2 &amp; 8","value":"A"},{"text":"4 &amp; 8","value":"B"},{"text":"4 &amp; 10","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180859,"question":"Which one of the following is a functional equation of demand:","choices":[{"text":"Q - 20 + 2P = 0","value":"A"},{"text":"Q - 3 - 3P = 0","value":"B"},{"text":"Q + -2P = 0","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180857,"question":"q = 4 + 2P it is a functional equation of.","choices":[{"text":"Demand","value":"A"},{"text":"Supply","value":"B"},{"text":"Equilibrium of demand as supply","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180853,"question":"y = 2<sup>x</sup> is a.","choices":[{"text":"Log function","value":"A"},{"text":"Linear equation","value":"B"},{"text":"Exponential function","value":"C"},{"text":"Increasing function","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180852,"question":"x = 5 y<sup>-1</sup> this is a.","choices":[{"text":"Constant function","value":"A"},{"text":"Explicit function","value":"B"},{"text":"Inverse function","value":"C"},{"text":"Decreasing function","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180849,"question":"x<sup>2</sup> - y<sup>2</sup> = 10 This function can be termed as .","choices":[{"text":"Expicit function","value":"A"},{"text":"Implicit function","value":"B"},{"text":"Linear function","value":"C"},{"text":"Constant function","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180848,"question":"y = 20-5 x this function is.","choices":[{"text":"Increasing function","value":"A"},{"text":"Decreasing function","value":"B"},{"text":"Constant function","value":"C"},{"text":"Exponential function","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180846,"question":"Assumptions of a law are called:","choices":[{"text":"Constant","value":"A"},{"text":"Parameters","value":"B"},{"text":"Variables","value":"C"},{"text":"Dependent variable","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180843,"question":"x = f (y).","choices":[{"text":"x is a dependent variable.","value":"A"},{"text":"y is a dependent variables","value":"B"},{"text":"x and y are dependents variables.","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180829,"question":"When supply rises more than demand price of the product will.","choices":[{"text":"Rise","value":"A"},{"text":"Fall","value":"B"},{"text":"Remain unchanged","value":"C"},{"text":"Non of the three","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180827,"question":"When demand rises more than supply price of the product will.","choices":[{"text":"Rise","value":"A"},{"text":"Fall","value":"B"},{"text":"Remains unchanged","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180825,"question":"Price determined in case of a perishable good will be.","choices":[{"text":"Normal price","value":"A"},{"text":"Market price","value":"B"},{"text":"Short run price","value":"C"},{"text":"Long run price","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180824,"question":"If supply rises more than demand, price of the product will.","choices":[{"text":"Fall","value":"A"},{"text":"Rise","value":"B"},{"text":"Not change","value":"C"},{"text":"Change","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180823,"question":"If the government supplies a product at a price less than the equilibrium price, it will create:","choices":[{"text":"Shortage","value":"A"},{"text":"Surlius","value":"B"},{"text":"Non of the two","value":"C"},{"text":"Equilibrium quantity","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180822,"question":"The supply of perishable goods is.","choices":[{"text":"Elastic","value":"A"},{"text":"Inelastic","value":"B"},{"text":"Perfectly elastic","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180821,"question":"Long-run price of a durable good is always less than its short run price . it is because.","choices":[{"text":"Long -run supply is more elastic than short-run supply curve.","value":"A"},{"text":"Long -run supply is less elastic than short-run supply curve.","value":"B"},{"text":"Long and short-run supply curves are equally elastic","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180820,"question":"When both demand and supply fall in equal proportions, price of the product will .","choices":[{"text":"Fall","value":"A"},{"text":"Rise","value":"B"},{"text":"Remain the same","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180818,"question":"Given the supply curve, a fall in demand will.","choices":[{"text":"Increase equilibrium quantity of the product","value":"A"},{"text":"Decrease equilibrium quantity of the product","value":"B"},{"text":"Not affect equilibrium quantity","value":"C"},{"text":"Not affect equilibrium price","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180814,"question":"With a fixed in the market period, if the demand of a product rises, then:","choices":[{"text":"Price will fall","value":"A"},{"text":"Price will rise","value":"B"},{"text":"Price will remain the same","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2}]