This online test contains MCQs about following topics:
Try the Economics Ics Part 1 English Medium Chapter 4 Online Test.
Total Questions20
Time Allowed30
Demand, Law of demand,Shift in Demand Curve Rise and Fall of demand ,Elasticity of demand,Measurement of elasticity ,Point Elasticity ,Arc Elasticity ,Cross Elasticity,Practical Importance of Elasticity ,Income Elasticity,Cross Elasticity,Practical Importance of Elasticity, Functional Equationof Demand
Ch. # | Test Name | MCQs Available | PDF File | Answers Mode | Launch Test |
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1 | Economics Ics Part 1 English Medium Online Test | 662 | Download PDF | MCQ Answers | Launch Test |
1 | Economics Ics Part 1 English Medium Chapter 1 Online Test | 66 | Download PDF | MCQ Answers | Launch Test |
2 | Economics Ics Part 1 English Medium Chapter 2 Online Test | 37 | Download PDF | MCQ Answers | Launch Test |
3 | Economics Ics Part 1 English Medium Chapter 3 Online Test | 38 | Download PDF | MCQ Answers | Launch Test |
4 | Economics Ics Part 1 English Medium Chapter 4 Online Test | 46 | Download PDF | MCQ Answers | Launch Test |
5 | Economics Ics Part 1 English Medium Chapter 5 Online Test | 41 | Download PDF | MCQ Answers | Launch Test |
6 | Economics Ics Part 1 English Medium Chapter 6 Online Test | 32 | Download PDF | MCQ Answers | Launch Test |
7 | Economics Ics Part 1 English Medium Chapter 7 Online Test | 36 | Download PDF | MCQ Answers | Launch Test |
8 | Economics Ics Part 1 English Medium Chapter 8 Online Test | 31 | Download PDF | MCQ Answers | Launch Test |
9 | Economics Ics Part 1 English Medium Chapter 9 Online Test | 24 | Download PDF | MCQ Answers | Launch Test |
10 | Economics Ics Part 1 English Medium Chapter 10 Online Test | 51 | Download PDF | MCQ Answers | Launch Test |
11 | Economics Ics Part 1 English Medium Chapter 11 Online Test | 40 | Download PDF | MCQ Answers | Launch Test |
12 | Economics Ics Part 1 English Medium Chapter 12 Online Test | 39 | Download PDF | MCQ Answers | Launch Test |
Sr. # | Questions | Answers Choice |
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1 | The demand of a commodity having many substitutes is | more elastic less elastic zero elastic infinite elastic |
2 | If demand has unit price elasticity, a change in price causes | increase in total revenue decrease in total revenue no change in total revenue indeterminate |
3 | Which one is the assumption of law of demand? | price of the commodity should not change quantity demand should not change income of the consumer should not change none of the above |
4 | A horizontal demand curve has a price elasticity of | zero infinity 1 variable |
5 | Which of the following is a demand function? | Q + 4P = 20 Q = 35 + 3P Q - 2P - 15 =0 5P - Q = 4 |
6 | Law of demand shows relation between | income and price of commodity price and quantity of a commodity income and quantity demanded quantity demanded and quantity supplied |
7 | Market demand curve is a summation of all individual demand curves as | Vertical horizontal mathematical local |
8 | Normally a demand curve will have the shape | horizontal vertical downward sloping upward sloping |
9 | Demand is a function of | price quantity supply none |
10 | This is an assumption of law of demand | price of the commodity does not change quantity should not change supply should not change income of consumer should not change |