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