Top Scorers Of Chapter 5 "Economics Ics Part 1 English Medium Chapter 5 Online Test" MCQ`s Test
A
Anum Fatima19 - Jun - 2023
00 Min 15 Sec
20/20
L
Laiba Muqaddas26 - Jul - 2024
04 Min 11 Sec
18/20
R
romana 23 - Jun - 2021
08 Min 00 Sec
18/20
A
Ali Hassan10 - Sep - 2022
03 Min 38 Sec
17/20
H
hamza abid02 - Sep - 2021
10 Min 50 Sec
16/20
M
M Akram11 - Aug - 2021
04 Min 11 Sec
15/20
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zainab nouman18 - Apr - 2024
04 Min 46 Sec
15/20
H
Hanif Wazir30 - May - 2022
05 Min 29 Sec
15/20
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Naveera 02 - Jun - 2021
07 Min 28 Sec
15/20
S
Samar 26 - Jun - 2021
10 Min 14 Sec
15/20
T
Tazmeen Afaq08 - Aug - 2023
06 Min 42 Sec
14/20
Z
Zaina Ch10 - May - 2024
00 Min 10 Sec
12/20
D
Duaa 22 - Nov - 2021
03 Min 52 Sec
12/20
E
ekta 05 - Aug - 2021
04 Min 00 Sec
12/20
M
M.Attiq-U-Rehman 24 - Nov - 2023
04 Min 03 Sec
12/20
Sr. #
Question
Answer
1
Elasticity of demand in case of minor change in price and quantity demand will be .
A. Income elasticity of demand
B. Cross elasticity of demand
C.Point elasticity of demand
D. Arc elasticity of demand
2
If a firm makes 200 units of a good available at a price of Rs. 10 per unit, the elasticity is
A. 0.05
B. 10
C.20
D. indeterminate
3
Supply curve
A. is vertical in long run
B. is flatter in long run
C.is same in long and short run
D. is horizontal in both short and long run
4
If a change in demand is brought by a change in income, of demand will be.
A. Income elasticity
B. Price elasticity
C.Cross elasticity
D. Arcelasticity
5
The quantities of a commodity offered for sale at different prices during a given period of time are called
A. Supply
B. Demand
C.Stock
D. None of these
6
Which of the following shifts supply curve of cars to the right
A. tax on new cars
B. increase in wages of workers
C.decrease in steel price
D. a successful promotion campaign by sellers
7
When the percentage change in quantity demanded is greater than the percentage change in price, elasticity of demand for the product will be.
A. Equal to unity
B. Less than unity
C.Greater than unity
D. Equal to zero
8
Elasticity of a demand for product will be greater then unity if, with a fall in its price, total expenditure of consumer.
A. Increase
B. Falls
C.Remains the same
D. None of the three
9
The price of a product double due to which its quantity demand falls to one half. The elasticity of demand for product will be:
A. Equal to unity
B. Lass than unity
C.Greater than unity
D. Equal to zero
10
If elasticity of supply is one, supply curve will be
A. horizontal
B. vertical
C.passing through origin
D. touching x-axis
11
During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to
A. rightward
B. leftward
C.downward
D. no direction
12
In case of perfectly elastic demand curve, the demand curve will be parallel to the :
A. Horizontal axis
B. Vertical Axis
C.None of the above
13
In case of perfectly elastic demand curve, the demand curve will be parallel to the.
A. Horizontal Axis
B. Vertical Axis
C.None of the above
14
If the price of a product increase from Rs. 12 per unit and as a consequence quantity demand of the product falls from 100 units to 50 units . The price elasticity of the product will be.
A. 2.5
B. 0.5
C.1.5
D. 3.5
15
The total quantity of a commodity available in or near the market which can be brought for sale at a short notice
A. Stock
B. Supply
C.Demand
D. None of these
16
An increases in demand would cause supply curve to
A. shift to the left
B. shift to the right
C.change in slope of supply curve
D. no effect on supply
17
A schedule of the amount of a good that would be offered for sale at all possible prices, at any one instant of time or during any period of time are called
A. Supply
B. Demand
C.Stock
D. None of these
18
Which one is increasing function of price
A. demand
B. utility
C.supply
D. consumption
19
The elasticity f demand in case of substitute is called.
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