Economics MCQ Questions and Solutions with Explanations | Commerce

A. Lower prices

B. Better selection

C. Clear origin of goods and services

D. Improved services

A. Selling goods in cash

B. Selling goods on credit

C. Replacement of goods with goods

D. Selling the goods in installments

A. Increases the demand for substitutes for fast-food meals

B. Raises the prices of fast-food meals

C. Increases the supply of fast-food meals

D. Increases the demand for fast-food meals

A. substitution and income effects are positive

B. positive substitution effect is equal to the negative income effect

C. substitution effect is positive and income effect is negative

D. substitution and income effects are negative

A. less X and more Y

B. more X and less Y

C. more X and more Y

D. less X and less Y

A. Fifth

B. Sixth

C. Seventh

D. Tenth

A. Buying out existing factories

B. Buying shares in the existing firm

C. Buying an old building

D. Establishment of new factory

A. Perfect competition

B. Monopoly

C. Oligopoly

D. Monopolistic competition

A. Socialism

B. Mixed

C. Capitalism

D. None of these

A. Qualitative statement

B. Quantitative statement

C. Both (Qualitative & Quantitative statements)

D. None of these