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Economics
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Question-1
When supply curve is parallel to X axis, suppliers would be ready to sell ________________ quantity of goods at a slightly lower price.
(A)
Infinite
(B)
Finite
(C)
Limited
(D)
No quantity
Question-2
Supply is a __________________
(A)
Desired quantity only
(B)
Actual quantity
(C)
Either a or b
(D)
None of these
Question-3
________________ 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-4
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-5
In economics, supply and stock are ________________ concepts
(A)
Same
(B)
Different
(C)
Supply is not an economic concept
(D)
None of these
Question-6
________________ is the total quantity of goods available with the producers.
(A)
Supply
(B)
Stock
(C)
Demand
(D)
Flow
Question-7
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-8
The law of supply explains __________________ relationship between price and quantity supplied
(A)
Positive
(B)
Inverse
(C)
Quadratic
(D)
None of these
Question-9
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-10
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
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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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