11. If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has
12. Demand for intermediate consumption arises in
13. The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of
14. The kinked demand curve model of oligopoly assumes that
15. Agricultural goods market depicts characteristics close to
16. A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of output. The marginal cost of producing the 6th unit is
17. The various combination of goods that can be produced in any economy when it uses its available resources and technology efficiency are depicted by
18. Rational decision making requires that
19. If the demand for a good is inelastic, an increase in the price of the good will cause the total expenditure of the consumers of the good to
20. All of the following are determinants of demand except
Read More Section(Economics)
Each Section contains maximum 100 MCQs question on Economics. To get more questions visit other sections.
- Economics - Section 1
- Economics - Section 2
- Economics - Section 3
- Economics - Section 5
- Economics - Section 6
- Economics - Section 7
- Economics - Section 8
- Economics - Section 9
- Economics - Section 10
- Economics - Section 11
- Economics - Section 12
- Economics - Section 13
- Economics - Section 14
- Economics - Section 15
- Economics - Section 16