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Economics
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Question-1
If the entrepreneurs do not get inputs easily, the supply would be more ________________
(A)
Inelastic
(B)
Elastic
(C)
Unitary elastic
(D)
none of these
Question-2
Higher the price _________________ would be the quantity supplied
(A)
Higher
(B)
Lower
(C)
Same
(D)
None of these
Question-3
A fall in the input leads to _____________ in the cost of production and increase the levels of supply
(A)
Rise
(B)
Fall
(C)
Keep the same
(D)
None of these
Question-4
_________________ supply refers to a situation where quantity supplied would be infinite to a very small change in price.
(A)
Elastic
(B)
Perfectly inelasticity
(C)
Perfectly elastic
(D)
Unitary elastic
Question-5
Increase in supply leads to large increase in the cost of production, the supply would be relatively
(A)
Inelastic
(B)
Elastic
(C)
Unitary elastic
(D)
none of these
Question-6
A rise in the input prices leads to _______________ in the cost of production and reduces the supply.
(A)
Rise
(B)
Fall
(C)
Keep the same
(D)
None of these
Question-7
Market supply is ________________
(A)
Same as individual supply
(B)
Group supply
(C)
Supply of all producers
(D)
None of these
Question-8
The shape of long run supply curve is _______________
(A)
Downward sloping
(B)
Upward sloping
(C)
Flatter
(D)
None of these
Question-9
Elasticity of supply could be measured through _______________
(A)
Percentage method
(B)
Geomtric method
(C)
1 and 2
(D)
None of these
Question-10
Use of out dated techniques in production _______________ supply
(A)
Reduces
(B)
Increases
(C)
Either 1 or 2
(D)
None of these
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Plus 2 Humanities
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Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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