InterviewSolution
Saved Bookmarks
InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The demand curve slopes downwards because ofA. law of DMUB. income effectC. substitution effectD. all of these |
| Answer» Correct Answer - D | |
| 2. |
The factor which causes movement along the demand curve isA. price of the commodityB. income of the consumerC. price of other goodsD. tastes of the consumer |
| Answer» Correct Answer - A | |
| 3. |
Which of the following causes decrease in demand not a normal goods ?A. fall in incomeB. unequal distribution of incomeC. decrease in population sizeD. all the above |
| Answer» Correct Answer - D | |
| 4. |
The effect of changes in price of related goods on demand of a commodity isA. income effectB. substitution effectC. cross-price effectD. none of these |
| Answer» Correct Answer - C | |
| 5. |
The demand of these goods varies directly with incomeA. substitute goodsB. inferior goodsC. normal goodsD. giffen goods |
| Answer» Correct Answer - C | |
| 6. |
Identify the inferior goodA. ScooterB. BajraC. WheatD. None of these |
| Answer» Correct Answer - D | |
| 7. |
Any statement about demand for a good is considered complete only when the following is/are mentioned in itA. price of the goodB. quanitity of the goodC. period of timeD. all of the above |
| Answer» Correct Answer - D | |
| 8. |
If due to fall in the price of good X, demand for good Y rises, the two goods are:A. substitutesB. complementsC. not relatedD. competitive |
| Answer» Correct Answer - B | |