demand & supply, profit loss, inflation & price index section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Demand & Supply, Profit Loss, Inflation & Price Index PRACTICE TEST [3 - EXERCISES]
demand & supply, profit loss, inflation & price index section 1
demand & supply, profit loss, inflation & price index section 2
demand & supply, profit loss, inflation & price index section 3
Question : 27 [CDS-2014-II]
Which of the following statements is/are true?
- If increase in demand and supply are of equal magnitude, the price will remain unchanged, but the equilibrium quantity will increase.
- If increase in demand is of greater magnitude than increase in supply, both equilibrium price and equilibrium quantity will increase.
- If increase in supply is of greater magnitude than increase in demand, equilibrium price will fall but equilibrium quantity will increase.
a) 1 and 2 only
b) 2 and 3 only
c) 1 only I
d) 1, 2 and 3
Answer »Answer: (d)
Question : 29 [CDS-2014-II]
Which one among the following pairs is not correctly matched?
a) When total product reaches its maximum : Marginal product becomes zero
b) When total product increases at an increasing rate : Marginal product increases
c) When total product : Marginal increases at a diminishing rate , product declines
d) When total product begins to decline : Marginal product becomes positive
Answer »Answer: (d)
IMPORTANT indian economy mcq EXERCISES
Demand & Supply, Profit Loss, Inflation & Price Index Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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