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Economics
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Question-1
In the case of complementary goods,an increase in the price of one good __________ the demand for other goods
(A)
increase
(B)
decrease
(C)
constant
(D)
none of these
Question-2
All giffen goods are ____________ goods
(A)
normal
(B)
inferior
(C)
composite
(D)
none of these
Question-3
The variables influences demand are ___________
(A)
price
(B)
taste
(C)
preference
(D)
all of these
Question-4
A fall in the price of commodity causes increase in ________ and _________ in the quantity demanded of that commodity
(A)
increase,real income
(B)
real income ,increase
(C)
income ,real income
(D)
none of these
Question-5
Increase in demand happens when ________
(A)
less is demanded at same price
(B)
more is demanded at lower price
(C)
less is demanded at a higher price
(D)
none of the above
Question-6
__________ explains the relationship between demand for a product and its determinants
(A)
demand functional
(B)
price functions
(C)
demand function
(D)
none of these
Question-7
___________ explains the functional relationship between price of one commodity and the demand for a related commodity .
(A)
substitute demand
(B)
cross demand
(C)
complementary demand
(D)
none of these
Question-8
A decrease in the population size will _______________ the demand for commodities and services
(A)
decrease
(B)
increase
(C)
increase or decrease
(D)
none of these
Question-9
________ is the shape of market demand curve
(A)
vertical
(B)
horizontal
(C)
horizontal and vertical
(D)
downward sloping
Question-10
In case of goods like bajra,a fall in its price leads to _________
(A)
demand remains constant
(B)
reduce the demand
(C)
increase the demand
(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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