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This online test contains MCQs about following topics:
. Market demand . Law of demand . Changes in demand . Supply . Law of supply . changes in supply . Equilibrium of demand and supply . Price determination under perfect competition
ICOM Part 1 Economics Ch 2 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 2 "Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 2 "Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test
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Question # 1
The price of non-economic want is always:
Question # 2
Which of the following stated that utility is measurable
Question # 3
The concept of utility is:
Question # 4
First law of consumption is known as:
Question # 5
Consumer goods are those goods which the consumers consume
Question # 6
Other things remaining the same, marginal utility of a commodity diminishes with its continuous consumption. This law is called
Question # 7
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity
Question # 8
When marginal utility is negative, total utility:
Question # 9
On which of the following law of diminishing marginal utility is applicable
Question # 10
When total utility is decreasing, marginal utility is
Question # 11
Concept of law of diminishing marginal utility was presented by professor
Question # 12
The power of a good or service to satisfy a human want is called:
Question # 13
Utility attained by the consumption of first unit of a commodity is called
Question # 14
Total utility always:
Question # 15
When no satisfaction is attained by the consumption of a commodity, its marginal utility is
11th Principle of Economics Chapter 2 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 2 Consumer's Demand Theory Test. Click the button for 100% free full practice test.
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Test Questions