Basics of Economics MCQ
principles of economics mcq with answers pdf | microeconomics mcqs with answers pdf | multiple choice questions for economics with answers download pdf | economics mcq class 10 | micro and macro economics mcqs pdf | economics mcq class 9 | economics quiz questions and answers pdf | macroeconomics mcqs with answers pdf

Basics of Economics MCQ
61. If a small change in price leads to infinitely large change in quantity
demanded, then the demand is:
62. Net addition to total utility when one more unit is consumed is:
63. Most important determinant of demand is :
64. Which of the following is the reason for law of demand:
65. Net addition to total cost is called:
66. The market equilibrium for a commodity is determined by :
67. When there are only few sellers of the commodity, the market is called:
68. If the supply curve of the commodity is having a positive slope, a rise in
the price of the commodity, results in:
69. From the position of stable equilibrium, the market supply of a commodity
decreases, while the market demand remains unchanged, then:
70. Elasticity of supply for a positively sloped straight line supply curve that
intersects the price axis is:
previous post