11th Class Principles of Economics MCQS Part I: Supply and Demand Online Test 2

3-cp-3-e-the-law-of-diminishing-returns-is-also-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-law-of-increasing-costs-3-c-2-fp-3-e,3-cp-3-e-the-number-of-laws-of-costs-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-three-3-c-2-fp-3-e,3-cp-3-e-when-average-cost-curve-is-falling-2-c-then-marginal-cost-curve-3-a-3-c-2-fp-3-e_-_3-cp-3-eremains-below-it-3-c-2-fp-3-e,3-cp-3-e-when-supply-curves-shifts-leftward-or-up-2-c-it-is-called-3-f-3-c-2-fp-3-e_-_3-cp-3-efall-of-supply-3-c-2-fp-3-e,3-cp-3-e-when-total-utility-declines-2-c-the-marginal-utility-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-which-feature-of-a-commodity-to-satisfy-human-want-is-called-3-f-3-c-2-fp-3-e_-_3-cp-3-eutility-3-c-2-fp-3-e,3-cp-3-e-which-one-of-the-following-is-not-called-gnp-3-f-3-c-2-fp-3-e_-_3-cp-3-eeconomic-national-product-3-c-2-fp-3-e,3-cp-3-e-who-did-name-economics-as-the-science-of-mammon-worship-and-dismal-science-3-f-3-c-2-fp-3-e_-_3-cp-3-e-john-ruskin-26-amp-3-b-carlyle-3-c-2-fp-3-e,3-cp-3-e-writing-of-same-behaviour-of-people-in-particular-arrangements-and-words-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-esocial-laws-3-c-2-fp-3-e,3-cp-3-ea-monopolistic-firm-has-control-of-3-a-3-c-2-fp-3-e_-_3-cp-3-e-whole-market-supply-by-one-firm-3-c-2-fp-3-e,formula-method-to-measure-elasticity-of-supply-is-associated-with-3-a_-_r-g-d-allen,if-change-in-quantity-supplied-is-10-25-and-change-in-price-is-20-25-2-c-then-elasticity-of-supply-is-3-a_-_0-5-25,if-demand-changes-by-10-25-due-to-10-25-change-in-price-2-c-then-elasticity-of-demand-is-called-3-a_-_equal-to-unity,if-demand-curve-is-parallel-to-x-axis-2-c-then-elasticity-of-demand-is-3-a_-_infinite,if-demand-curve-is-parallel-to-y-axis-2-c-then-elasticity-of-demand-is-3-a_-_zero,if-demand-for-a-commodity-changes-due-to-the-change-in-price-of-its-subtitute-2-c-it-is-called-3-a_-_cross-elasticity,if-demand-for-x-commodity-changes-due-to-the-change-in-the-price-of-commodity-y-2-c-it-is-26-nbsp-3-bcalled-3-a_-_cross-elasticity,if-demand-of-a-good-decrease-due-to-other-factors-is-called-3-a_-_expansion-of-demand,if-percentage-change-in-supply-is-less-than-the-percentage-change-in-price-2-c-then-elasticity-of-supply-is-called-3-a_-_less-than-unity,if-same-amount-of-goods-is-supplied-at-higher-price-2-c-it-is-called-3-a_-_contraction-of-supply,kinds-of-supply-according-to-period-of-time-are-3-a_-_3,ralationship-between-price-and-quantity-demanded-is-called-3-a_-_law-ow-demand,supply-of-perishable-goods-is-3-a_-_inelastic,when-demand-does-not-change-but-supply-increases-2-c-then-price_-_decreases,when-ther-is-big-change-in-demand-and-price-of-a-commodity-2-c-it-is-called-3-a_-_income-elasticity