ICS Part 1 Economics Chapter 4 MCQs Test

This online test contains MCQs about following topics:

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

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First Year Economics Chapter 4 Online MCQ Test for 1st Year Economics Chapter 4 (Demand)

ICS Part 1 Economics Chapter 4 MCQs Test

Economics Ics Part 1 English Medium Chapter 4 Online Test

Economics Ics Part 1 English Medium Chapter 4 Online Test

Which of the following is a demand function?

The law of demand will not be apply in case of

The demand curve is negatively sloped due to

This is an assumption of law of demand

If price and total revenue move in the same direction, then demand is

The demand of a will expand when:

To say that two goods are unrelated, their cross price elasticity of demand should be

Normally a demand curve will have the shape

The following are causes of shift in demand EXCEPT the one

A horizontal demand curve has a price elasticity of

Which one is the assumption of law of demand?

Haris has a special taste for chicken rolls of college canteen. The owner of the canteen doubles the price of chicken roll. Haris did not respond to the increase in prices and kept on demanding the same quantity of chicken roll. His demand for chicken roll is

When price elasticity of demand for normal goods in calculated, the value is always

Income elasticity of demand for normal good is always

If demand is unitary elastic, a 25% increase in price will result in

The law demand will not be valid in case of.

Price and demand are positively correlated in case of

The elasticity of demand of durable goods is

A seller can increase his sales revenue by charging a lower price, if the demand has

One of the following is not an exception the law of demand.

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