[{"id":133644,"question":"If supply increase due to increase 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":1},{"id":133592,"question":"Due to fall in demand, curve shifts to","choices":[{"text":"Right","value":"A"},{"text":"Left","value":"B"},{"text":"Both sides","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133591,"question":"Due to rise in demand, demand curve shifts to","choices":[{"text":"Right","value":"A"},{"text":"Left","value":"B"},{"text":"Both sides","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133590,"question":"Non elastic demand curve is","choices":[{"text":"positive","value":"A"},{"text":"negative","value":"B"},{"text":"vertical","value":"C"},{"text":"horizontal","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133589,"question":"What functional relationship is present between demand and price","choices":[{"text":"positive","value":"A"},{"text":"inverse","value":"B"},{"text":"increasing","value":"C"},{"text":"none of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133588,"question":"With an increase in the price of any good its substitutes will have","choices":[{"text":"a fall in its price","value":"A"},{"text":"an increase in its prices","value":"B"},{"text":"an increase in its demand","value":"C"},{"text":"a decrease in its price","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133587,"question":"The demand curve slopes","choices":[{"text":"upwards","value":"A"},{"text":"Horizontal","value":"B"},{"text":"vertical","value":"C"},{"text":"downward to the right","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133586,"question":"The cause of rise and fall of demand is","choices":[{"text":"income","value":"A"},{"text":"price","value":"B"},{"text":"population","value":"C"},{"text":"Both 1st and 3rd","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133585,"question":"The cause of extension and contraction of demand is","choices":[{"text":"Income","value":"A"},{"text":"Price","value":"B"},{"text":"Population","value":"C"},{"text":"Technology","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133584,"question":"Second name of unitary method is","choices":[{"text":"Method of total satisfication","value":"A"},{"text":"total expenditure method","value":"B"},{"text":"total revenue method","value":"C"},{"text":"Both 2nd and 3rd","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133583,"question":"When there are small and minor changes in price and demand then","choices":[{"text":"Price elasticity","value":"A"},{"text":"Income elasticity","value":"B"},{"text":"Cross elasticity","value":"C"},{"text":"Point elasticity","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133582,"question":"Another name of unitary method is","choices":[{"text":"Total satisfiaction method","value":"A"},{"text":"Total expenditure method","value":"B"},{"text":"Total revenue method","value":"C"},{"text":"Both 2nd and 3rd","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133581,"question":"If quantity demanded for a commodity changes due to the change in income, it is called","choices":[{"text":"Price elasticity","value":"A"},{"text":"Point elasticity","value":"B"},{"text":"Cross elasticity","value":"C"},{"text":"Income elasticity","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133580,"question":"In order to satisfy some wants, more than one commodities are needed. Demand for such commodities is called","choices":[{"text":"Joint demand","value":"A"},{"text":"Composite demand","value":"B"},{"text":"Derived demand","value":"C"},{"text":"Direct demand","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133579,"question":"Demand for the commodities having different uses","choices":[{"text":"Less elastic","value":"A"},{"text":"More elastic","value":"B"},{"text":"Perfectly inelastic","value":"C"},{"text":"Infinitely elastic","value":"D"},{"value":"E"}],"correctAnswer":2}]