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