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Economics
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Question-1
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-2
Imposition of tax ______________ supply of goods and services
(A)
Reduces
(B)
Increases
(C)
Tax and supply of foods are not related
(D)
None of these
Question-3
Quantity of a commodity which all producers are willing to produce and offer for sale is known as _______________
(A)
Market demand
(B)
market supply
(C)
Individual supply
(D)
None of these
Question-4
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-5
If the firms want to minimize the amount of risk, it would ______________ supply of goods and services
(A)
Reduce
(B)
Increase
(C)
Keep the same output
(D)
None of these
Question-6
Supply has always a __________________
(A)
Reference period
(B)
Price
(C)
a and b
(D)
None of these
Question-7
The main objectives of the firm is _______________
(A)
Sales maximization
(B)
Profit maximization
(C)
Risk minimization
(D)
None of these
Question-8
________________ is the total quantity of goods available with the producers.
(A)
Supply
(B)
Stock
(C)
Demand
(D)
Flow
Question-9
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-10
A decrease in supply curve suggest that the whole supply curve shits to _________________
(A)
Left
(B)
Right
(C)
Remain at the same position
(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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