ICS Part 1 Economics English Medium Chapter 4 Online Short Questions Test with Answers

Online Short Questions For Chapter 4 "ICS Part 1 Economics English Medium Chapter 4 Short Questions Test "

Try The Short Questions For ICS Part 1 Economics English Medium Chapter 4 Short Questions Test

  • Total Questions10

  • Available Sets2

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Economics - ICS Part 1 Economics English Medium Chapter 4 Short Questions Test

Question # 1

Define Elasticity of demand.

  • Ans 1: "Elasticity of demand is the measure of responsiveness of quantity demanded to changes in price"
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Prepare Complete Set Wise Questions For Chapter 4 "ICS Part 1 Economics English Medium Chapter 4 Short Questions Test "

ICS Part 1 Economics English Medium Chapter 4 Short Questions Test - Set 1

Question # 1

Define Elasticity of demand.

  • Ans 1: "Elasticity of demand is the measure of responsiveness of quantity demanded to changes in price"
Submit

ICS Part 1 Economics English Medium Chapter 4 Short Questions Test - Set 2

Question # 1

What is substitution effect.

  • Ans 1: If the price of some commodity say, mangoes decrease while the price of substituties remain the same, people feel that this relatively chaper , So, they decrease the purchase of apples and buy more this is called substitution effect.
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Economics
4th Chapter

ICS Part 1 Economics Short Questions Test

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