[{"id":148126,"question":"The elasticity of demand of durable goods is:","choices":[{"text":"Zero","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Equal to unity","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":148125,"question":"The other name of law of diminishing return is:","choices":[{"text":"Law of supply","value":"A"},{"text":"Law of diminishing marginal utility","value":"B"},{"text":"Law of demand","value":"C"},{"text":"Law of increasing cost","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":148124,"question":"When price falls supply:","choices":[{"text":"Expands","value":"A"},{"text":"Contracts","value":"B"},{"text":"Remains zero","value":"C"},{"text":"Becomes fixed","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":148123,"question":"Average revenue is equal to:","choices":[{"text":"Price","value":"A"},{"text":"Total revenue","value":"B"},{"text":"Marginal revenue","value":"C"},{"text":"Average cost","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148122,"question":"According to law of increasing return, marginal product:","choices":[{"text":"Increases","value":"A"},{"text":"Decreases","value":"B"},{"text":"Remains constant","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1}]