The price decrease from Rs 2,000 to Rs 1,800 Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

Byadmin May 29, 2019September 11, 2021

The price decrease from Rs 2,000 to Rs 1,800 Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

A. The price elasticity of demand is -2
B. The good is inferior
C. Income elasticity is + 0.5
D. Income elasticity is + 2

Economics Mcqs | World Economy (Miscellaneous)

The impact of industrialization in India is most conspicuously reflected in ?

The impact of industrialization in India is most conspicuously reflected in ?

A. widow marriage
B. crimes
C. the increasing rate of growth in urban population
D. inter-caste marriage

Read More The impact of industrialization in India is most conspicuously reflected in ?
Economics Mcqs | Efficiency And The Public Interest | Markets

The type of salesforce structure in which the sales force sells along product lines is called a ?

The type of salesforce structure in which the sales force sells along product lines is called a ?

A. territorial salesforce
B. product salesforce
C. customer salesforce
D. retail salesforce

Read More The type of salesforce structure in which the sales force sells along product lines is called a ?
Economics Mcqs | Miscellaneous Economics Mcqs

The speculative demand for money occurs when ?

The speculative demand for money occurs when ?

A. Individuals hold money just in case an emergency happens
B. Individuals hold money to buy things
C. Individuals hold money rather than other assets because they are worried about the price of the other assets falling
D. Individuals hold money to shop

Read More The speculative demand for money occurs when ?
Economics Mcqs | Efficiency And The Public Interest | Markets

Technological advances, shifts in consumer tastes, and increased competition all of which reduce demand for a product are typical of which stage in the PLC ?

Technological advances, shifts in consumer tastes, and increased competition all of which reduce demand for a product are typical of which stage in the PLC ?

A. decline stage
B. introduction stage
C. growth stage
D. maturity stage

Read More Technological advances, shifts in consumer tastes, and increased competition all of which reduce demand for a product are typical of which stage in the PLC ?
Basic of Economics | Economics Mcqs

Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?

Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?

A. Communism
B. Socialism
C. Capitalism
D. Authoritarianism

Read More Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?
And Income Inequality | Economics Mcqs | Malnutrition | Poverty

The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?

The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?

I- probability at birth of not surviving to age 40
II- adult illiteracy rate
III- negative economic growth
IV- lack of a decent standard of living
A. I and II only
B. III and IV only
C. I, II and III only
D. I, II and IV

Read More The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?

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