Elasticity Mcqs for Economics

Q.  If demand is linear (a straight line) then price elasticity of demand is ?

a. elastic in the upper portion and inelastic in the lower portion
b. inelastic in the upper portion and elastic in the lower portion
c. inelastic throughout
d. constant along the demand curve


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Barro and Lee find that ceteris paribus, IMF lending has ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Hollis Chenery and Alan Strout identity three development stages in which growth proceeds at the highest rate permitted by the most limiting factors These factors are ? I- the skill limit II- the savings gap III- the fiscal gap IV- the foreign exchange gap
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  An annual summary of country’s international economic and financial transactions is ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  I = S + F The equation above states that a country can increase its new capital formation (or investment) through is ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Aid or official development assistance (ODA) includes ? I- developments grants II- loans with at least 25 percent grant element III- military assistance IV- technical cooperation
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Japan’s programs ? I- are understaffed politically muddled and administratively complex II- are biased toward Asia III- go primarily to less developed countries in Africa IV- focus on loans and the grant element of aid is low
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Which of the following statement is NOT true about OECD aid ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Dani Rodrik points out that ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  In the UK, electricity industry parts are a ____ and other parts are ___ ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Sales staff are keen to sell extended warranties because ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  A conglomerate merger is a merger of ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Antimonopoly laws are based on the proposition that ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  The external benefits of using cars are ____ and the external costs are _____?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Between 1990 and 1999 car ownership per thousand of the population fell in ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  In the country X it is now becoming possible to buy electricity from a gas company and gas from an electricity company. This is called ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  De-regulation is where the government ?
Category: Economics Mcqs,   Published by: T-Code Scripts
MCQs:  Privatization is the transfer of ?
Category: Economics Mcqs,   Published by: T-Code Scripts