Multi-choice 8

Question

1). At what price, elasticity will be equal to one?

Answers

10

25

35

40

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Question

2). At elasticity marginal revenue is equal to

Answers

Zero

Infinity

One

None of the above

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Question

3). Total revenueis maximum when elasticity of demand  is

Answers

0

0.5

1

1.5

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Question

4). Market  demand is aggregation of individul demand

Answers

Vertically

Horizontally

Both

None

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Question

5). Dynamic theory of profit was indroduced by

Answers

Marshall

J.B  Cark

Walras

None of these

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Question

6). Study  of demand  over two periods is called

Answers

Comparative static

Static

Dynamic

None of these

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Question

7). Cobweb theory of demand is related to

Answers

Static

Comparative static

Dynamic

None of these

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Question

8). Impact of change in demand in one sector on other sectors is studied by

Answers

General equlibrium

Partial equlibrium

Both of the above

None of the above

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Question

9). Insdustry with few firms is termed as

Answers

Monopoly

Oligopoly

Perfect competition

None of these

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Question

10). Homogeneity of product is characteristic of

Answers

Monopoly

Oligopoly

Perfect competition

None of these

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This exam is prepared by UAH