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

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  • Total Questions20

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Economics Ics Part 1 English Medium Chapter 4 Online Test

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Question # 1

Haris has a special taste for chicken rolls of college canteen. The owner of the canteen doubles the price of chicken roll. Haris did not respond to the increase in prices and kept on demanding the same quantity of chicken roll. His demand for chicken roll is

Question # 2

If elasticity of demand is very low it shows that the commodity is

Question # 3

If demand is inelastic, a change in the price

Question # 4

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

Question # 5

Price elastic of demand measures

Question # 6

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

Question # 7

The elasticity of demand of durable goods is

Question # 8

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

Question # 9

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

Question # 10

When cross elasticity of demand for A and B is positive number, one can conclude that

Question # 11

When the demand of a product rises due to factors except price it will be.

Question # 12

Law of demand shows relation between

Question # 13

The law of demand will not be apply in case of

Question # 14

The demand of a commodity having many substitutes is

Question # 15

When price elasticity of demand for normal goods in calculated, the value is always

Question # 16

The law demand will not be valid in case of.

Question # 17

To say that two goods are unrelated, their cross price elasticity of demand should be

Question # 18

If price and total revenue move in the same direction, then demand is

Question # 19

One of the following is not an exception the law of demand.

Question # 20

Which one is not determinant of demand

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ICS Part 1 Economics Chapter 4 MCQs Test

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