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Economics
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Question-1
________________ the quantity of commodity which the buyers are willing to buy at a given price at a point of time in a market.
(A)
Supply
(B)
Demand
(C)
Supply curve
(D)
Market curve
Question-2
The law of supply explain the relationship between _______________
(A)
Price and quantity demanded
(B)
Price and level of income
(C)
Price and quantity supplied
(D)
None of these
Question-3
Extension or contraction in supply happens only due to __________________
(A)
Price only
(B)
Demand only
(C)
Prices of other goodsonly
(D)
None of these
Question-4
_________________ the quantity of commodity which producers are willing to produce and offer for sale at a given price at a point of time.
(A)
Supply
(B)
Demand
(C)
Supply curve
(D)
market curve
Question-5
A single firm producing unit is known as ______________
(A)
Firm
(B)
farm
(C)
Industry
(D)
None of these
Question-6
Lower the price ________________ would be the quantity supplied
(A)
Higher
(B)
Lower
(C)
Same
(D)
None of these
Question-7
Lower is the profit from the sales, _________________ would be the amount supplied by the firms.
(A)
Higher
(B)
Lower
(C)
Same quantity
(D)
None of these
Question-8
A horizontal straight line supply curve suggests that sellers are ready to sell ______________ quantity pf goods at the whatever be the price.
(A)
Infinite
(B)
Finite
(C)
Limited
(D)
Same quantity
Question-9
Supply has always a __________________
(A)
Reference period
(B)
Price
(C)
a and b
(D)
None of these
Question-10
Higher is the profit from the sales, _______________ would be the amount supplied by the firms.
(A)
Higher
(B)
Lower
(C)
Same quantity
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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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