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Economics Ics Part 1 English Medium Chapter 6 Online Test
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 6 Online Test
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Question # 1
Ten rupees is the equilibrium price for good Z. If govt. fixes price at Rs. 5, there is
Question # 2
Price of a product is determined in a free market
Question # 3
Which one will be termed as supply of a product.
Question # 4
When the supply curve of a product is parallel to the vertical axis, it would mean that;
Question # 5
In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then
Question # 6
A producers has one thousand tons of rice to be offered for sale at a certain price in future, it will be called.
Question # 7
The price and sales of sugar both increase. What could be the cause of this?
Question # 8
A fall fall in supply will take place due to a:
Question # 9
One of the following is not an assumption of law of supply.
Question # 10
When demand is perfectly elastic, an increase in supply will result in
Question # 11
Market Price of Perishable
Question # 12
Extension of supply will take place as a consequence of:
Question # 13
Perfectly inelastic supply curve is:
Question # 14
Market equilibrium means
Question # 15
When there is big change in quantity supplied resulting from a minor change inits price,its elasticity of supply will be.
Question # 16
If equilibrium price rises but equilibrium quantity remains unchanged, the cause is
Question # 17
If we know that quantities bought and sold are equal, we can conclude that
Question # 18
When price is fixed below equilibrium level, there will be
Question # 19
Demands and supply curves cross at
Question # 20
A decrease in demand causes the equilibrium price to
Matric Part 2/10th Class English Chapter 1 MCQ Test With Answer for Chapter 1 Hazrat Muhammad (S.A.W) an Embodiment of Justice
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Biology Chapter 1 - Answers Mode
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Biology Chapter 1 MCQ - PDF
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Download PDF with answers to study online or offline. The PDF cotnains all MCQ questions with answers for Class 10 Biology Chapter 1 - Acids and Liquids. Total questions are 12.
