[{"id":236452,"question":"If the rate of change in price and quantity supplied is equal then:","choices":[{"text":"Es = 0","value":"A"},{"text":"Es = 1","value":"B"},{"text":"Es > 1","value":"C"},{"text":"Es < 1","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236451,"question":"If quantity supplied changed in response to change in price, is known as:","choices":[{"text":"Ed","value":"A"},{"text":"Es","value":"B"},{"text":"More Elastic","value":"C"},{"text":"Less Elastic","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236450,"question":"When price increases, supply:","choices":[{"text":"Contracts","value":"A"},{"text":"Expands","value":"B"},{"text":"Remains fixed","value":"C"},{"text":"Becomes zero","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236449,"question":"When price decreases, supply:","choices":[{"text":"Contracts","value":"A"},{"text":"Expands","value":"B"},{"text":"Remains fixed","value":"C"},{"text":"Becomes zero","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236448,"question":"If price decreases but supply remains constant, it is called:","choices":[{"text":"Fall in supply","value":"A"},{"text":"Contraction in supply","value":"B"},{"text":"Expansion in supply","value":"C"},{"text":"Rise in supply","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236447,"question":"If price increases but supply remains constant, it is called:","choices":[{"text":"Fall in supply","value":"A"},{"text":"Contraction in supply","value":"B"},{"text":"Expansion in supply","value":"C"},{"text":"Rise in supply","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236446,"question":"When supply decreases due to fall in price, it is called:","choices":[{"text":"Fall in supply","value":"A"},{"text":"Contraction in supply","value":"B"},{"text":"Expansion in supply","value":"C"},{"text":"Rise in supply","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236445,"question":"When supply increases due to rise price, it is called:","choices":[{"text":"Fall in supply","value":"A"},{"text":"Contraction in supply","value":"B"},{"text":"Expansion in supply","value":"C"},{"text":"Rise in supply","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236444,"question":"The relationship between price and quantity supplied is:","choices":[{"text":"Inverse","value":"A"},{"text":"Positive","value":"B"},{"text":"Infinite","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236443,"question":"Stock means the quantity:","choices":[{"text":"Sold in market","value":"A"},{"text":"Which is offered for sale","value":"B"},{"text":"Which exist in warehouse","value":"C"},{"text":"Of total production","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236442,"question":"Supply curve slope is:","choices":[{"text":"Positive","value":"A"},{"text":"Vertical","value":"B"},{"text":"Negative","value":"C"},{"text":"Horizontal","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236441,"question":"Quantity of a commodity which is offered for sale in a market is called:","choices":[{"text":"Trade","value":"A"},{"text":"Supply","value":"B"},{"text":"Demand","value":"C"},{"text":"Stock","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236440,"question":"If 50% change in demand in response of 30% change in price then:","choices":[{"text":"Elasticity of demand = 1","value":"A"},{"text":"Elasticity of demand < 1","value":"B"},{"text":"Elasticity of demand > 1","value":"C"},{"text":"Elasticity of demand = 0","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236439,"question":"If 50% change in demand in reposne of 50% change in price then:","choices":[{"text":"Elasticity of demand = 1","value":"A"},{"text":"Elasticity of demand < 1","value":"B"},{"text":"Elasticity of demand > 1","value":"C"},{"text":"Elasticity of demand = 0","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236438,"question":"If demand did not influence by the charge in price, that is called:","choices":[{"text":"Elasticity of demand = 1","value":"A"},{"text":"Elasticity of demand < 1","value":"B"},{"text":"Elasticity of demand > 1","value":"C"},{"text":"Elasticity of demand = 0","value":"D"},{"value":"E"}],"correctAnswer":4}]