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Demand and Supply

Q.11) Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a-

(A) changes in the price of the goods

(B) Change in the price of substitutes

(C) change in the price of the cmplements

(D) change in the price of joint products

Q.12) Which one of the following is having elastic demand?

(A) Electricity

(B) Medicines

(C) Rice

(D) Match boxes

Q.13) Name the curve which shows the quantity of products as seller wishes to sell at a given price level-

(A) Demand curve

(B) Cost curve

(C) Supply curve

(D) None of these

Q.14) The supply of labour in the economy depends on-

(A) Population

(B) National income

(C) Per capita income

(D) Natural resources

Q.15) Which one of the following pairs of goods is an example for Joint Supply?

(A) Coffee and Tea

(B) Ink and Pen

(C) Tooth brush and Paste

(D) Wool and Mutton

Q.16) Demand in Economic means:

(A) Aggregate demand

(B) Market demand

(C) Individual demand

(D) Demand backed by purchasing power

Q.17) When percentage change in demand for a commodity is less than percentage changes is its price, then demand is said to be-

(A) Highly elastic

(B) Inelastic

(C) Relatively elastic

(D) Perfect elastic

Q.18) The demand for necessities is-

(A) Elastic

(B) Perfectly inelastic

(C) Inelastic

(D) Perfect elastic

Q.19) If a good has negative income elasticity and positive price elasticity of demand, it is a-

(A) Giffen good

(B) Normal good

(C) Superior good

(D) An inferior good

Q.20) Cross demand expresses the functional relationship between-

(A) Demand and prices of related commodities

(B) Demand and income

(C) Demand and prices

(D) Demand and supply

ਜੇਕਰ ਤੁਸੀ ਕਿਸੇ ਵੀ ਸਰਕਾਰੀ ਨੌਕਰੀ ਬਾਰੇ ਜਾਣਕਾਰੀ ਲੈਣਾ ਚਾਹੁੰਦੇ ਹੋ ਤਾ ਉੱਤੇ ਦਿੱਤੇ ਕੰਮੈਟ ਬਾਕਸ ਵਿੱਚ ਕੰਮੈਟ ਕਰ ਸਕਦੇ ਹੋ ਧੰਨਵਾਦ ਅਰਨ ਮਨੀ ਜੋਬਜ ਟੀਮ