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This online test contains MCQs about following topics:
. Utility . Determinants of utility . Aspects of utility . Law of diminishing Marginal utility . Assunptions of law of diminishing marginal utility . Law of equi marginal utility . Limitations of law of equi marginal utility . Equilibrium of cosumer
ICOM Part 1 Economics Ch 3 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
Online MCQ`s Test For Chapter 3 "Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test"
Try The MCQ`s Test For Chapter 3 "Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test
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Question # 1
Id demand changes by less than 10% due to 10% change in price, then elasticity of demand is called
Question # 2
If demand does not change, then due to rise of supply
Question # 3
Supply of goods depends on
Question # 4
If price of a commodity constant but its supply increases or price decreases but supply remains constant, it is called
Question # 5
If quantity demanded for a commodity changes due to the change in income, it is called
Question # 6
If there is big change in Price and demand, it is called
Question # 7
Quantity of a commodity offered for sale in a market at a certain price during a given period of time, is called
Question # 8
If supply curve is horizontal (parallel to x-axis) then elasticity of supply is
Question # 9
Elasticity of demand for durable goods is
Question # 10
If elasticity of supply is equal to unity then extending supply curve downward, it passes through or crosses
Question # 11
Quantity supplied of a commodity extends because
Question # 12
If supply does not change despite a change in price, then elasticity of supply is called
Question # 13
Vertical supply curve means
Question # 14
If quantity demand changes due to the change in income, it is called:
Question # 15
Finance minister in order to increase the public revenue imposes the tax on the commodities whose demand is more elastic
Prepare Complete Setwise Chapter 3 "Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test" MCQs Online With Answers
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Set 1
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Set 2
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Set 3
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Set 4
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Set 5
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Set 6
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Set 7
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Set 8
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Set 9
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Set 10
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Set 11
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Set 12
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Set 13
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11th Principle of Economics Chapter 3 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 3 Demand and Supply Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 3 "Principles of Economics Icom Part 1 English Medium Chapter 3 Online Test" MCQ`s Test
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Z Zeeshan Haider 02 - Jul - 2024 00 Min 10 Sec 15/15 -
S Shad Ali Shah 31 - Jul - 2024 04 Min 23 Sec 13/15 -
S Subtain Ahmed Raza 21 - Jul - 2023 04 Min 19 Sec 12/15 -
U Unknown 20 - Jul - 2023 02 Min 05 Sec 11/15 -
S Sania Butt 01 - Jun - 2024 04 Min 51 Sec 11/15 -
R Rèhab Khan 31 - Aug - 2023 10 Min 01 Sec 11/15 -
A ayesha ayaz 22 - Jul - 2022 01 Min 57 Sec 10/15 -
F fatima raja 26 - Nov - 2023 03 Min 15 Sec 10/15 -
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H hamza abid 04 - Apr - 2023 10 Min 50 Sec 10/15 -
A Abeeha aslam 07 - Jun - 2024 02 Min 30 Sec 9/15 -
S Sabeeka Fatima 18 - Mar - 2023 03 Min 19 Sec 9/15 -
B Bilal zafar 07 - Jun - 2024 03 Min 59 Sec 9/15 -
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N Noor fatima Kashif 01 - Sep - 2022 05 Min 10 Sec 9/15
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