CSS Economics Solved Mcqs

Q.  Expenditure on health as percentage of GDP is:

a. Less than 4%
b. More than 4 but less than 8%
c. More than 8 but less than 12%
d. More than 12%


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MCQs:  Normally a demand curve will have the shape:
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MCQs:  Law of demand shows relation between:
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MCQs:  Other things equal, if a good has more substitutes, its price elasticity of demand is:
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MCQs:  If elasticity of demand is very low it shows that the commodity is:
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MCQs:  The following are causes of shift in demand EXCEPT the one:
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MCQs:  When demand is perfectly inelastic, an increase in price will result in:
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MCQs:  If demand is unitary elastic, a 25% increases in price will result in:
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MCQs:  Irrespective of price, Sofia always spends Rs. 100 a week on ice cream, we conclude that:
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MCQs:  When cross elasticity of demand is a large positive number, one can conclude that:
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MCQs:  If demand is inelastic, a change in the price:
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MCQs:  Which one is the assumption of law of demand?
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MCQs:  Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:
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MCQs:  Price and demand are positively correlated in case of:
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MCQs:  The elasticity of demand of durable goods is:
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MCQs:  The elasticity of demand of durable goods is:
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MCQs:  Mr. Raees Ahmad bought 50 litres of petrol when his monthly income was Rs. 25,000. Now his monthly income has risen to Rs. 50,000 and he purchases 100 litre of petrol. His income elasticity of demand for petrol is:
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