General Economics MCQs

Consuming one more additional unit.

Total utility
Marginal utility
Average utility
Marginal average utility

Answer

Normally the slope of demand curve is _______

Negative
Positive
Zero
Infinite

Answer

Shifting of supply curve to the right means _______

Supply decreases
Supply increases
Supply remains constant
None of the above

Answer

If the commodity has close substitutes its Price elasticity of demand will be___

Equal to one
Greater than one
Less than one
Equal to zero

Answer

Income elasticity in case of inferior goods_______

Positive
Negative
Infinite
None

Answer

Pages: 1 2 3 4 5 6 7 8 9 10 11

Latest MCQs