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Economics Ics Part 1 English Medium Chapter 6 Online Test
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 6 Online Test
If equilibrium price rises but equilibrium quantity remains unchanged, the cause is
Price of a product is determined in a free market
When the price of a product increase by 100 percent and as a consequence, its quantity supplied increase by 125 percent, Its elasticity of supply will be.
When price is fixed below equilibrium level, there will be
With an increase in cost of production, price of the product rises while supply of the product will.
Extension of supply will take place as a consequence of:
Perfectly inelastic supply curve is:
Markets where firms supply goods and services demanded by households are
A fall fall in supply will take place due to a:
Ten rupees is the equilibrium price for good Z. If govt. fixes price at Rs. 5, there is
Which one will be termed as supply of a product.
Market equilibrium means a situation where
When the supply curve of a product is parallel to the vertical axis, it would mean that;
Market equilibrium means
A producers has one thousand tons of rice to be offered for sale at a certain price in future, it will be called.
When demand is perfectly elastic, an increase in supply will result in
Demand and supply forces determine market price
If we know that quantities bought and sold are equal, we can conclude that
A rise in supply and demand in equal proportion will result in
One of the following is not an assumption of law of supply.
Matric Part 2/10th Class English Chapter 1 MCQ Test With Answer for Chapter 1 Hazrat Muhammad (S.A.W) an Embodiment of Justice
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Biology Chapter 1 - Answers Mode
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Biology Chapter 1 MCQ - PDF
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Download PDF with answers to study online or offline. The PDF cotnains all MCQ questions with answers for Class 10 Biology Chapter 1 - Acids and Liquids. Total questions are 12.
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