Q.81)-When there is no change in demand, with large change in price thn such type of demands are called-
  • Elastic
  • Inealastic
  • Perfectly inelastic
  • Relatively elastic
Q.82)-With other factor Constant, the demand of any productis decreased by-
  • Increase in price of that product
  • Increase in income of customer
  • Decrease in price of that product
  • Decrease in income of customer
Q.83)-There will be increasein price of tomato in domestic market, if-
  • There is enormous production of tomato
  • Export of fresh tomatoes to other countries
  • Production cost of tomato is less
  • All of the above
Q.84)-Which of the following is not the direct deciding factor of demand?
  • Saving
  • Income
  • Price
  • Taste
Q.85)-Which of the following goods has elastic demand?
  • Electricity
  • Medicines
  • Rice
  • Match boxes
Q.86)-Which of the following statement is true?
  • Price of any good depends upon its cost
  • Any good has valueable price in anyone which has desire to buy it
  • Price of any good depend upon place value
  • Any good has its price if its supply is equal to demand
Q.87)-Which of the following is an Example of derived demand?
  • Rice
  • Cloths
  • Beauty Products
  • Cement
Q.88)-Demand of Labour is called-
  • Derived demand
  • Factory demand
  • Market demand
  • Direct demand
Q.89)-Perfectly inelastic demand is equal to-
  • Unity
  • Zero
  • Infinity
  • Greater than unity
Q.90)-Which among the following are close substitutes?
  • Milk and Sugar
  • Sugar and Tea
  • Tea and Coffee
  • Coffee and Biscuits