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Economics Ics Part 1 English Medium Chapter 5 Online Test
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 5 Online Test
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Question # 1
An increases in demand would cause supply curve to
Question # 2
The method to measure the elasticity of demand by the unitary method was introduced by.
Question # 3
Who present the Arc Elasticity formula for the measurement of elasticity of demand.
Question # 4
If elasticity of supply is greater than one. supply curve will be
Question # 5
The price of a product double due to which its quantity demand falls to one half. The elasticity of demand for product will be:
Question # 6
In case of perfectly elastic demand curve, the demand curve will be parallel to the.
Question # 7
In May 2012, firm was supplying 1000 kg of sugar at market price of Rs. 60/- per kg. During June 2012, firm's supply of sugar had decreased to 900 kg at price Rs. 40/- per kg. These changes show that supply of sugar is
Question # 8
The method to measure the elasticity of demand is :
Question # 9
Elasticity of a demand for product will be greater then unity if, with a fall in its price, total expenditure of consumer.
Question # 10
Products A and B are substitutes whereas A and C are complement. With a rise in the price of product A, quantity demand of:
Question # 11
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
Question # 12
Long period supply curve is
Question # 13
What best explains a shift in market supply curve to the right?
Question # 14
If a change in demand is brought by a change in income, of demand will be.
Question # 15
Elasticity of demand in case of minor change in price and quantity demand will be .
Question # 16
If price changes by one % and supply changes by 2% then supply is
Question # 17
The product which have close substitute their demand is always.
Question # 18
If a firm makes 200 units of a good available at a price of Rs. 10 per unit, the elasticity is
Question # 19
Which one of the following pairs represent complementary demand for a product.
Question # 20
Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called
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Biology Chapter 1 MCQ - PDF
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