CSS Economics Solved Mcqs

Q.  If price changes by 1% and supply changes by 2% then supply is:

a. Elastic
b. Inelastic
c. Indeterminate
d. Static


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MCQs:  In the case of an inferior good, the income elasticity of demand is:
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MCQs:  In respect of which of the following category of goods is consumer's surplus highest?
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MCQs:  If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
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MCQs:  In the case of a Giffen good, the demand curve will be:
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MCQs:  The budget-line is also known as the:
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MCQs:  Which one is not a assumption of the theory of demand based on analysis of indifference curves?
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MCQs:  The elasticity of substitution between two perfect substitutions is:
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MCQs:  The consumer is in equilibrium at a point where the budget line:
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MCQs:  An indifference curve slopes down towards right since more of one commodity and less of another result in:
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MCQs:  The Revealed Preference Theory deduces the inverse price-quantity relationship from:
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MCQs:  Which of the following statements is incorrect?
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MCQs:  Production is a function of:
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