11th class Principles of Economics chapter 4 online mcq test with answers for I.Com part 1 Principles of Economics chapter 4(Factors of Production)

Principles of Economics Icom Part 1 English Medium Chapter 4 Online Test

Sr. #	Questions	Answers Choice
1	In case of horizontal supply curve, Es is:	Mero than unity Less than unity Zero Infinite
2	Perfectly inelastic supply curve is:	Vertical Rise upward Horizontal Fall downward
3	Causes of shifting in supply curve is:	Change in technique Change in cost Change in tax All of them
4	If 30% change in supply in response to 50% change in price then:	Es = 0 Es = 1 Es > 1 Es < 1
5	If 50% change in supply in response to 50% change in price then:	Es = 0 Es = 1 Es > 1 Es < 1
6	If the rate of change in price and quantity supplied is equal then:	Es = 0 Es = 1 Es > 1 Es < 1
7	If quantity supplied changed in response to change in price, is known as:	Ed Es More Elastic Less Elastic
8	When price increases, supply:	Contracts Expands Remains fixed Becomes zero
9	When price decreases, supply:	Contracts Expands Remains fixed Becomes zero
10	If price decreases but supply remains constant, it is called:	Fall in supply Contraction in supply Expansion in supply Rise in supply
11	If price increases but supply remains constant, it is called:	Fall in supply Contraction in supply Expansion in supply Rise in supply
12	When supply decreases due to fall in price, it is called:	Fall in supply Contraction in supply Expansion in supply Rise in supply
13	When supply increases due to rise price, it is called:	Fall in supply Contraction in supply Expansion in supply Rise in supply
14	The relationship between price and quantity supplied is:	Inverse Positive Infinite Zero
15	Stock means the quantity:	Sold in market Which is offered for sale Which exist in warehouse Of total production

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