Consumers Equilibrium and Demand - Online Test
Q1. If two negatively sloped demand curves intersect then
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. If two negatively sloped demand curves intersect then elasticity of demand at the point of intersection will be
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Which of the following will have inelastic demand?
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. The value of elasticity in case of a horizontal line will be
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Which of the following will have elastic demand?
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. A rise in the income of the consumer leads to a fall in the demand for commodity ‘x’. What type of good is commodity ‘x’?
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. The substitute goods of a normal good are those that can be used
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. One factor that causes a leftward shift of the demand curve out of the following is
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. One factor that causes a movement along the demand curve of a commodity
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. The marginal product is above the average product curve, when the average product is:
Answer : Option C
Explaination / Solution:
No Explaination.
