CSEET Exams Preparation -MCQs of Demand and Supply – Part-5


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In case of luxury goods, the income elasticity of demand will be:
In case of Straight line demand curve meeting two axis, the price elasticity of demand at the point where the curve meets y-axis would be-
In expansion and contraction of demand:
Certain goods for which Quantity demanded decreases when Income Increases are called:
Cross elasticity of complementary goods is:
Normal goods have
In which of the following cases the demand for goods tends to be less elastic?
Which of the following elasticity of demand measures a movement along the demand curve rather than a shift in the curve?
When the total expenditure incurred by the consumers on a commodity due to a change is its price remains the same, then the elasticity of demand for that commodity will be:
The supply of a good refers to:
Increases or Decrease in Supply means:
If the supply curve is perfectly Inelastic ,the supply curve is:
When supply price increase in the short run , the profit of the producer :
A perfectly inelastic supply curve will be :
When Supply Curve shifts to the right there is _____________in Supply.

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