CSEET Mock Test – Multiple Choice Questions – Economics – Demand and Suppy Part 2 (15 MCQs)

CSEET Economics MCQs
CSEET Economics MCQs

Welcome to CSEET Mock Test – Multiple Choice Questions – Demand & Suppy Mcqs 2

Watch Free CSEET Lectures || More CSEET Mock Tests (MCQs) || Download Free CSEET Notes


Join our Telegram Group for more Free Content. Click Here to Join.


Please provide us following details. This will help us to avoid spammers.

Demand for car decreases due to increase in price. It implies that car and petrol are
Effect of change in the price of a product on the consumer’s purchasing power is

________ goods are those goods which are consumed together simultaneously.

Larger the size of the population of a country or region, ________ is the demand for commodities

Demand can be defined as:

Movement along the demand curve is due to the following reason:

If two goods are perfect substitute for each other, cross elasticity is _________

Demand remains constant, decrease in supply means ________ in equilibrium price

A vertical supply curve parallel to the Y-axis implies that the elasticity of supply is

Total expenditure method of measuring elasticity was formulated by

For luxuries, the elasticity is _________________

Supply Curve is _________ sloped, in direction from

Which one of these is not an exception to the law of supply?

In __________, small change in price causes a greater change in quantity demanded

If the price for laptops increases, and relatively the demand for tablets increases then, laptops and tablets are

Watch FREE Updated Videos of CSEET Contract Act by Deep Gyan Classes. CLICK HERE.

Join our Telegram group for free Notes/Videos/MCQs of CSEET: https://t.me/deepgyancseet

Leave a Reply