Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
A five percent fall in price leads to five percent rise in quantity demanded is known as ________.
(A)
Perfectly inelastic
(B)
perfectly elastic
(C)
Unitary elastic
(D)
None of these
Question-2
The exports of a country depends on ___________.
(A)
Internal production
(B)
Internal consumption
(C)
Foreign demand
(D)
All of these
Question-3
Proportionate change in price leads to proportionate change in the quantity demanded is known as ___________ elastic demand.
(A)
perfectly elastic
(B)
perfectly inelastic
(C)
Unitary elastic
(D)
None of these
Question-4
Point method of elasticity of demand is other wise known as ___________.
(A)
Expenditure method
(B)
Geometric method
(C)
Proportional method
(D)
none of these
Question-5
Income elasticity is measured by ___________.
(A)
Percentage change in quantity demanded plus percentage change in income
(B)
percentage change in quantity demand minus percentage change in income
(C)
percentage change in quantity demanded divided by percentage change in income
(D)
Percentage change in quantity demanded multiplied by percentage change in income
Question-6
Income elasticity of demand is negative in the case of ________
(A)
Maize
(B)
bajra
(C)
Tapioca
(D)
All of these
Question-7
In a two commodity world and the demand a unitary elastic a rise in the price of X would lead to __________.
(A)
Less Y is brought
(B)
same amount of Y is brought
(C)
More of Y is brought
(D)
Any of these
Question-8
When people spend less income from their budget for the purchase of those goods whose elasticity would be ________.
(A)
More elastic
(B)
less elastic
(C)
Unitary elastic
(D)
None of these
Question-9
Elasticity of demand occurs due to changes in _________
(A)
Price alone
(B)
Income
(C)
Prices of other goods
(D)
All of these
Question-10
When the price elasticity is measured on a point on a demand curve, it is called ________.
(A)
Pointer elastic
(B)
are elastic
(C)
point elastic
(D)
all of these
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
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
Powered By
