PPSC Economics Ch 6 Economics Models

Are you thinking to apply and appear for the PPSC test with the economics subject and are confused that how to get prepared? Well, you are welcomed here at Ilmkidunya where you can get a better solution for PPSC economics subject preparation. Candidates are provided the online PPSC tests. The tests are in the same way as are designed for PPSC final exam. You can find chapter-wise tests and also a full book test. For all the chapters, separate tests are designed. This page directs candidates towards the Chapter VI test. The test is comprised of 20 MCQs and candidates can cover the test in 20 minutes.

PPSC Economics Test Chapter 6 Syllabus

Economics Chapter 6 is all about Economics Models. The chapter enables the students to know the different models of the economics subject. In order to obtain the exact idea about the models of economics or to get the idea of the important questions of this chapter, candidates are advised to attempt the given online MCQs test several times.

PPSC Economics Ch. 6 Test

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PPSC Economics Chapter 6 Economics Models Preparation Online Test

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MCQ's Test For PPSC Economics Chapter 6 Economics Model

PPSC Economics Chapter 6 Economics Model

If the price of automobiles were to increase substantially the demand curve for gasoline would most likely

A competitive equilibrium is described by

As the price of a good increases, the change in the quantity demanded can be shown by

Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase this increase in the price of the good results in.

The percentage change in the quantity demanded in response to a percentage change in the price is known as the.

A vertical demand curve results in.

To determine the total demand for all consumers sum the quantity each consumer demands.

Which of the following is an example of a normative statement.

For a given positively sloped supply curve the price increase to consumers resulting from a specific tax imposed on sellers will be.

When two goods are substitutes a shock that raises the price of one good causes the price of the other goods to.

The expression increase in quantity supplied is illustrated graphically as a.

Holding all other factors constant consumers demand more of a good the

If government regulations prohibit the production of a particular good the demand curve for that good will most likely.

An increases in the demand curve for orange juice would be illustrated as a.

If price is initially above the equilibrium level.

A Horizontal demand curve for a good could arise because consumers.

If a government imposed price celling causes the observed price in a market to be below the equilibrium price.

Economists tend to judge a model based upon

Most Microeconomic models assume that decision makers wish to.

It is appropriate to use the supply and demand model if in a market.

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PPSC Economics Chapter 6 Test

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