[{"id":133659,"question":"Supply curve shifts due to better technique of production","choices":[{"text":"Rightward","value":"A"},{"text":"Leftward","value":"B"},{"text":"Does not change","value":"C"},{"text":"Vertical","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133658,"question":"Vertical supply curve means","choices":[{"text":"Same quantity supplied at differented price","value":"A"},{"text":"Different quantities supplied at one price","value":"B"},{"text":"Different quantities supplied at different prices","value":"C"},{"text":"None of three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133657,"question":"Shape of market supply curve is","choices":[{"text":"Horizontal or parallel to ox curve","value":"A"},{"text":"Vertical or parallel to oy curve","value":"B"},{"text":"Positively sloping","value":"C"},{"text":"Negatively sloping","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133656,"question":"Supply of perishable goods e.g. groceries, fruit, meat etc is","choices":[{"text":"Less elastic","value":"A"},{"text":"More elastic","value":"B"},{"text":"Perfectly inelastic","value":"C"},{"text":"Perfectly elastic","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133655,"question":"If supply goes on increasing due to a slight increase in price, then elasticity of supply is called","choices":[{"text":"Zero","value":"A"},{"text":"Infinite","value":"B"},{"text":"Equal to unity","value":"C"},{"text":"More than unity","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133654,"question":"If supply does not change despite a change in price, then elasticity of supply is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"Less than unity","value":"B"},{"text":"More than unity","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133653,"question":"If the percentage change in supply is more than the percentage change in price, then elasticity of supply is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"Less than unity","value":"B"},{"text":"More than unity","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133652,"question":"If percentage change in supply is less than the percentage change in price, then elasticity of supply is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"Less than unity","value":"B"},{"text":"More than unity","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133651,"question":"Unity method to measure elasticity of supply is presented by","choices":[{"text":"Adam Smith","value":"A"},{"text":"Robbins","value":"B"},{"text":"Marshall","value":"C"},{"text":"Faruson","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133650,"question":"Elasticity of supply is the name of","choices":[{"text":"Change in price","value":"A"},{"text":"Change in income","value":"B"},{"text":"Feature of change in supply","value":"C"},{"text":"Change in price and income","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133649,"question":"When supply changes due to other factors besides price, it is called","choices":[{"text":"Rise of supply","value":"A"},{"text":"Fall of supply","value":"B"},{"text":"Rise and fall of supply","value":"C"},{"text":"Extension and contraction of supply","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133648,"question":"If price of a commodity constant but its supply increases or price decreases but supply remains constant, it is called","choices":[{"text":"Rise of supply","value":"A"},{"text":"Fall of supply","value":"B"},{"text":"Extension of supply","value":"C"},{"text":"Contraction of supply","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133647,"question":"If price of a commodity remains constant but its supply decreases or price increases but supply remains constant, it is called","choices":[{"text":"Rise of supply","value":"A"},{"text":"Extension of supply","value":"B"},{"text":"Fall of supply","value":"C"},{"text":"Contraction of supply","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133646,"question":"When supply increases due to other factors besides price, it is called","choices":[{"text":"Extension of supply","value":"A"},{"text":"Contraction of supply","value":"B"},{"text":"Rise of supply","value":"C"},{"text":"Fall of supply","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133645,"question":"If supply decreases due to decrease in price, it is called","choices":[{"text":"Extension of supply","value":"A"},{"text":"Contraction of supply","value":"B"},{"text":"Rise of supply","value":"C"},{"text":"Fall of supply","value":"D"},{"value":"E"}],"correctAnswer":2}]