[{"id":133689,"question":"Supply means","choices":[{"text":"total money of a specific producer","value":"A"},{"text":"Number of buyers","value":"B"},{"text":"quantity of goods offered for sale at different prices","value":"C"},{"text":"purchasing power of quantity supplied","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133688,"question":"By increasing the cost of production, the supply","choices":[{"text":"Extends","value":"A"},{"text":"contracts","value":"B"},{"text":"Falls","value":"C"},{"text":"Rises","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133687,"question":"Which one of the following is not included in the assumptions of law of supply","choices":[{"text":"taste of consumer","value":"A"},{"text":"cost of production","value":"B"},{"text":"Methods of production","value":"C"},{"text":"price of raw material","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133686,"question":"The quantity of commodity which exists in warehouse (stock) of the seller is called","choices":[{"text":"<div>Supply</div><div><br></div>","value":"A"},{"text":"Demand","value":"B"},{"text":"Stock","value":"C"},{"text":"All of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133685,"question":"Supply of goods depends on","choices":[{"text":"price","value":"A"},{"text":"income","value":"B"},{"text":"income and price","value":"C"},{"text":"utility","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133684,"question":"According to the law of supply, there is relation in price and supply","choices":[{"text":"Inverse","value":"A"},{"text":"Increasing","value":"B"},{"text":"Negative","value":"C"},{"text":"indirect","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133683,"question":"If supply curve is vertical (parallel to y-axis), then elasticity of supply is","choices":[{"text":"Zero","value":"A"},{"text":"Infinite","value":"B"},{"text":"Equal to unity","value":"C"},{"text":"More than unity","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133682,"question":"If supply curve is horizontal (parallel to x-axis) then elasticity of supply is","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":133681,"question":"In case of perfectly elastic supply or infinite elasticity of supply, supply curve is","choices":[{"text":"Horizontal (parallel to x-axis)","value":"A"},{"text":"Vertical (parallel to y-axis)","value":"B"},{"text":"Positive sloped","value":"C"},{"text":"Negative sloped","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133680,"question":"If supply of a commodity is fixed, it is called","choices":[{"text":"Market supply","value":"A"},{"text":"Short period supply","value":"B"},{"text":"Long period supply","value":"C"},{"text":"Middle period supply","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133679,"question":"Elasticity of supply if perishable goods is","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":133678,"question":"Kinds of supply according to period of time are","choices":[{"text":"Two","value":"A"},{"text":"Three","value":"B"},{"text":"Four","value":"C"},{"text":"Five","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133677,"question":"When price decreases, supply","choices":[{"text":"Extends","value":"A"},{"text":"Contracts","value":"B"},{"text":"Becomes zero","value":"C"},{"text":"Remains fixed","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133676,"question":"Cause of movement along the supply curve is","choices":[{"text":"Change in price","value":"A"},{"text":"Other factors","value":"B"},{"text":"Change in tax","value":"C"},{"text":"Change in income","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133675,"question":"If supply of a commodity changes by more than 10% due to 10% change in its price, then elasticity of supply will be","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":2}]