First Year Principles of Economics Chapter 2 Online MCQ Test for 1st Year Principles of Economics Chapter 2 (Consumer's Demand Theory)

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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
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Online 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"

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test

00:00
Question # 1

Utility can not be measurable who has said

Question # 2

Utility attained by the consumption of first unit of a commodity is called

Question # 3

When marginal utility is zero, than total utility is:

Question # 4

On which of the following law of diminishing marginal utility is applicable

Question # 5

The price of non-economic want is always:

Question # 6

Marginal utility curve moves

Question # 7

When total utility is increasing marginal utility is

Question # 8

Consumer goods are those goods which the consumers consume

Question # 9

Feature of a commodity to satisfy human want, is called

Question # 10

Law of diminishing marginal utility provides basis for:

Question # 11

Want of a commodity is satisfied, when its marginal utility is

Question # 12

TU is maximum where MU of all goods is:

Question # 13

Guides finance minister for levying tax on the income of the people

Question # 14

Consumer's behaviour means:

Question # 15

When marginal utility is negative, total utility:

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