Chapter 3 DEMAND AND SUPPLY MCQs

15 min Score: 0 Attempted: 0/15 Subscribe
1. .1 In economics, demand means?





2. .2 Nature of relation between price and demand is:





3. .3 Slope of demand curve is towards?





4. .4 Relationship between price and supply is:





5. .5 Slope of supply curve is towards?





6. .6 According to law of demand, the relationship between price and demand is:





7. .7 According to law of supply, the relationship between price and supply is:





8. .8 It is not included in perishable goods:





9. .9 Nature of relation between price and supply is:





10. .10 The term “all other factors remain constant” is the assumption of?





11. .11 What is meant by “other things being equal”?





12. .12 Increase or decrease in price and supply is called?





13. .13 Offering goods and services in a market at particular price is called?





14. .14 According to law of demand, when price of a commodity increase, its demand becomes……….?





15. .15 Which is the assumption of “law of demand”?





Contents Copyrights Reserved By T4Tutorials