Tamil Nadu (English Medium) Std 9 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 The term __________ signifies the ability or the willingness to buy a particular commodity at a given point of time.

(A) Demand	(B)Supply
(C)Stock	(D)Income

Question-2
Coefficient of elasticity of demand is negative it means

(A) Consumers sometimes buy negative units of a commodity	(B) Price and quantity demanded move in same direction
(C) Law of demand holds	(D) The two goods are complementary to each other

Question-3 ___________ is the desire to own anything, the ability to pay for it, and the willingness to pay.

(A) Supply	(B)Demand
(C)Price	(D)Income

Question-4
The most important tools of economic analysis at the micro levels are

(A) Demand	(B) Supply
(C) Both a and b	(D) Neither a nor b

Question-5
Demand is always expressed in relation to a particular

(A) Income	(B) Desire
(C) Price	(D) Supply

Question-6
The demand for a commodity is always

(A) At its cost	(B) At its price
(C) At its size	(D) At its demand

Question-7
When a change in price results in an infinitely large response in quantity demanded, demand is

(A) Unit elastic	(B) Perfectly inelastic
(C) Perfectly elastic	(D) Elastic

Question-8
_______ results in increasing the availability of resources and technological development

(A) Economic growth	(B) Choice
(C) Resource allocation	(D) Economic development

Question-9
The value of a thing expressed interms of money is called

(A) Utility	(B) Cost
(C) Price	(D) Demand

Question-10
Scarcity of the commodity express in the form of

(A) Demand from buyers	(B) Supply by sellers
(C) Labour markets	(D) Investment

Click here to see your answersheet and detailed track records.

Std 9

Tamil Nadu (English Medium)

Practice in Related Chapters
Equilibrium Price
Demand and Supply