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MCQs: A contraction in supply occurs when ?
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MCQs: Supply is likely to be more price elastic ?
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MCQs: Which best describes a supply curve ?
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MCQs: For an inferior good ?
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MCQs: Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?
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MCQs: The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ?
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MCQs: If the price elasticity of demand is unit then a fall in price ?
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MCQs: Average income increase from Rs20,000 p.a to Rs 22,000 p.a Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?
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MCQs: If a product is a vablen good ?
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MCQs: An increase in the price of a complement for product A would ?
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MCQs: If marginal utility is zero ?
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MCQs: Demand for a normal product may shift outwards if ?
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MCQs: Which best describes a demand curve ?
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MCQs: If the quantity demanded of beef increases by 5% when the price of chicken increase by 20% the cross-price elasticity of demand between beef and chicken is ?
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MCQs: The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ____________?
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MCQs: The price elasticity of demand is the ?
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MCQs: Market equilibrium exists when _________ at the prevailing price?
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MCQs: The price of computer chips used in the manufacture of personal computers has fallen. This will lead to _________ personal computer?
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MCQs: Which of the following will NOT cause a shift in the demand curve for compact discs ?
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MCQs: Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are ?
Category: Economics Mcqs, Published by: teswesm
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