First Year Economics Chapter 4 Online MCQ Test for 1st Year Economics Chapter 4 (Demand)

This online test contains MCQs about following topics:

Demand, Law of demand,Shift in Demand Curve Rise and Fall of demand ,Elasticity of demand,Measurement of elasticity ,Point Elasticity ,Arc Elasticity ,Cross Elasticity,Practical Importance of Elasticity ,Income Elasticity,Cross Elasticity,Practical Importance of Elasticity, Functional Equationof Demand

ICS Part 1 Economics Chapter 4 Test

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Online MCQ`s Test For Chapter 4 "Economics Ics Part 1 English Medium Chapter 4 Online Test"

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 4 Online Test

00:00
Question # 1

Price elastic of demand measures

Question # 2

A seller can increase his sales revenue by charging a lower price, if the demand has

Question # 3

A horizontal demand curve has a price elasticity of

Question # 4

The following are causes of shift in demand EXCEPT the one

Question # 5

When demand is perfectly inelastic, an increase in price will result in

Question # 6

When the price of a product falls and as a concequence the demand for the product increase. it will be.

Question # 7

Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is

Question # 8

The law demand will not be valid in case of.

Question # 9

The demand of a commodity having many substitutes is

Question # 10

Wit rapid economic growth in a country the individual demand curve will:

Question # 11

Which one can cause a change in demand

Question # 12

Which of the following is a demand function?

Question # 13

Law of demand shows relation between

Question # 14

If quantity demanded is completely unresponsive to changes in price, demand is

Question # 15

Market demand curve is a summation of all individual demand curves as

Question # 16

If price elasticity of demand is very low, the commodity is

Question # 17

Demand is a function of

Question # 18

The demand of a will expand when:

Question # 19

Income elasticity of demand for normal good is always

Question # 20

The demand curve is negatively sloped due to

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ICS Part 1 Economics Chapter 4 MCQs Test

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