Question # 1

The methods of measuring elasticity of supply are:

Three

Two

Four

Five

If total expenditure decrease with the rise in prices elasticity of demand will be:

Equal to unity

Less than unity

Greater than unity

Equal to zero

The price elasticity of demand measures the responsiveness of quantity demanded to:

Quantity demanded

Quantity supplied

Price

Output

A firm is charging a different price for each unit purchased by a consumer.This is called:

First-degree price discrimination

Second-degree price discrimination

Third-degree price discrimination

None of the given options

Who wrote "The Nature and Significance of Economics":

Adam Smith

Marshall

Robbins

Keynes

In February 2006, the Avian Influenza was reported by poultry farm in:

Hyderabad

Karachi

Multan

Charsadda

NAT II Management Science Economy MCQs With Answers