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Question-1
Change in supply due to increase in price is termed ________ supply.
(A)
Contraction of
(B)
Extension of
(C)
Increase in
(D)
Decrease in
Question-2
In case _______ the supply is inelastic.
(A)
Of decreasing marginal cost
(B)
Of increasing marginal cost
(C)
Of marginal cost remaining constant
(D)
The law of increasing return is in operation
Question-3
If value of Es > 1, it is called
(A)
Inelastic Supply
(B)
Elastic Supply
(C)
Perfectly elastic supply
(D)
Perfectly inelastic supply
Question-4
Supply means
(A)
Quantity of goods produced
(B)
Stocks of goods produced
(C)
Quantity of goods available for sale
(D)
Total of produced and imported goods
Question-5
Supply of the rare coins is
(A)
Inelastic
(B)
Perfectly Inelastic
(C)
Elastic
(D)
Perfectly Elastic
Question-6
The supply in the long period is
(A)
Inelastic
(B)
Elastic
(C)
Perfectly Inelastic
(D)
Perfectly Elastic
Question-7
In _______ the supply is inelastic.
(A)
Short Period
(B)
Long Period
(C)
Initial Stage
(D)
Final Stage
Question-8
Slope of supply curve is given by the formula
(A)
(B)
(C)
(D)
Question-9
When supply curve is vertical, Es =
(A)
1
(B)
Es > 1
(C)
∞
(D)
Zero
Question-10
Law of supply is
(A)
Quantitative
(B)
Qualitative
(C)
Both 1 and 2
(D)
Neither of the two
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Plus 2 Humanities
Kerala (English Medium)
Practice in Related Chapters
Forms of Market
National Income
Indian Economy 1950 - 1990
National Income Accounting
The Theory of Consumer Behaviour (Micro)
Elasticity of Demand (Micro)
Theory of Demand (Micro)
Market Equilibrium Under Perfect Competition (Micro)
Production Function-Returns to a factor(Micro)
Supply and Elasticity of Supply
Cost Revenue and Producers Equilibrium
Forms of Market
National Income Accounting and Circular flow of Income (Macro)
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