CSS Economics Solved Mcqs

Q.  Income elasticity of demand for normal good is always:

a. 1
b. More than one
c. Negative
d. Positive


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Which of the following is incorrect?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Microeconomics deals with the:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following is Microeconomics concerned with?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Formulation of an economic theory involves:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  An economic theory is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Identify the aspect of taxation which is related to normative economics:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Demand for a commodity refers to a:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Contraction of demand is the result of:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  All but one of the following are assumed to remain the same while drawing an individual's demand curve for a commodity. Which one is it?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following pairs of commodities is an example of substitutes?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The Law of Demand, assuming other things to remain constant, establishes the relationship between:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Identify the factor which generally keeps the price-elasticity of demand for a commodity now:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In the case of an inferior good, the income elasticity of demand is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In respect of which of the following category of goods is consumer's surplus highest?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Total utility is maximum when:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
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:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In the case of a Giffen good, the demand curve will be:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts