[{"id":133561,"question":"If demand decreases by 5% due to 10% increase in Price, then elasticity of demand is","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133560,"question":"If demand changes by more than 10% due to 10% change in price, then elasticity of demand is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133559,"question":"Id demand changes by less than 10% due to 10% change in price, then elasticity of demand is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133558,"question":"If demand changes by 10% due to 10% change in price, then elasticity of demand is called","choices":[{"text":"Equal to unity","value":"A"},{"text":"More than unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Infinite","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133557,"question":"Demand for the goods which have different uses, is","choices":[{"text":"More elastic","value":"A"},{"text":"Less elastic","value":"B"},{"text":"Infinity","value":"C"},{"text":"Zero elastic","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133556,"question":"Who did present formula to measure Arc elasticity of demand","choices":[{"text":"Adam Smith","value":"A"},{"text":"Marshall","value":"B"},{"text":"Allen","value":"C"},{"text":"Keynes","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":133555,"question":"Who did present unity method to measure elasticity of demand","choices":[{"text":"Adam Smith","value":"A"},{"text":"Marshall","value":"B"},{"text":"Robbins","value":"C"},{"text":"keynes","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133554,"question":"The goods which are jointly demanded to satisfy a want, are called","choices":[{"text":"Complimentary goods","value":"A"},{"text":"Substitute goods","value":"B"},{"text":"Alternative goods","value":"C"},{"text":"inferior goods","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133553,"question":"The goods which can be used in place of each other, are called","choices":[{"text":"Complimentary goods","value":"A"},{"text":"Substitute goods","value":"B"},{"text":"Alternative goods","value":"C"},{"text":"Jointly demanded goods","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133552,"question":"Which combination of the following is of joint demand","choices":[{"text":"Tea and coffee","value":"A"},{"text":"Petrol and car","value":"B"},{"text":"Meat and grocery","value":"C"},{"text":"Inkpot and book","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133551,"question":"Elasticity of demand for the commodities which have substitutes, is","choices":[{"text":"More elastic","value":"A"},{"text":"Less elastic","value":"B"},{"text":"Infinite","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133550,"question":"When there is a very small change in demand and price of a commodity, it is called","choices":[{"text":"Point elasticity","value":"A"},{"text":"Arc elasticity","value":"B"},{"text":"Cross elasticity","value":"C"},{"text":"Income elasticity","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133549,"question":"When there is big change in demand and price of a commodity, it is called","choices":[{"text":"Point elasticity","value":"A"},{"text":"Arc elasticity","value":"B"},{"text":"Cross elasticity","value":"C"},{"text":"Income elasticity","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":133548,"question":"Elasticity of demand for durable goods is","choices":[{"text":"More elastic","value":"A"},{"text":"Less elastic","value":"B"},{"text":"Infinte","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":133547,"question":"Cause of shifting of demand curve is","choices":[{"text":"Change in price","value":"A"},{"text":"Desire","value":"B"},{"text":"Other factors","value":"C"},{"text":"Exceptions","value":"D"},{"value":"E"}],"correctAnswer":3}]