Q.91)-If there is decrease in price of X, then demand of Y is also decreased, then X & Y are-
- Substitute goods
- Complementary goods
- X is inferior to Y
- Y is inferior to X
Q.92)-For Successful Price discrimination between two market, demand elasticity of production should be-
- Same
- Different
- Constant
- Zero
Q.93)-Other things being equal, a decrease in quantity demanded of a commodity can be caused by-
- A rise in the price of the commodity
- A rise in the income of the consumer
- A fall in the price of a commodity
- A fall in the income of the consumer
Q.94)-Which of the following are consumer semidurable goods?
- Cars and Television sets
- Milk and Milk products
- Foodgrains and other food products
- Electrial appliance like fans and electric irons
Q.95)-A supply function expresses the relationship between-
- Price and demand
- Price and consumption
- Price and output
- Price and selling cost
Q.96)-Demand for complementary goods is known as-
- Joint demand
- Derived demand
- Direct demand
- Cross demand
Q.97)-Which one of the following pairs of goods is an example for Joint Supply?
- Coffee and Tea
- Ink and Pen
- Tooth brush and Paste
- Wool and Mutton
Q.98)-For an inferior good, demand falls when-
- Price rises
- Income rise
- Price falls
- Income falls
Q.99)-A 'want' becomes a demand only when it is backed by the-
- Ability to purchase
- Ncessity to buy
- Desire to buy
- Utility of the product
Q.100)-An exceptional demand curve is one that moves-
- Upward to the right
- Downward to the right
- Horizontally
- Vertically