Consumers Equilibrium and Demand Test

Result

Consumers Equilibrium and Demand Test - 6

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Weekly Quiz Competition

Question 1
1 / -0

An exception to the law of demand is:

A
normal good

B
Giffen good

C
article of distinction

D
both (b) and (c)
Question 2
1 / -0

Distribution of income is a determinant of:

A
individual demand function

B
market demand function

C
both (a) and (b)

D
none of these
Question 3
1 / -0

In case of giffen goods, demand curve is:

A
upward sloping

B
downward sloping

C
parallel to X-axis

D
parallel to Y-axis
Question 4
1 / -0

When increase in the price of one good causes an increase in demand for the other, the goods are:

A
substitutes

B
complementary

C
inferior

D
giffen
Question 5
1 / -0

In case of inferior goods:

A
income effect is negative

B
income effect is positive

C
income effect is zero

D
none of these
Question 6
1 / -0

Shift in demand curve occurs when demand for a commodity changes due to change in:

A
own price of the commodity

B
determinants of demand, other than own price of the commodity

C
both (a) and (b)

D
none of these
Question 7
1 / -0

Change in quantity demanded of a commodity due to change in real income of the consumer caused by change in own price of the commodity is called:

A
cross price effect

B
price effect

C
income effect

D
substitution effect
Question 8
1 / -0

When income of the consumer rises in case of a normal good:

A
demand curve shifts to the left

B
demand curve shifts to the right

C
there is upward movement along the demand curve

D
there is downward movement along the demand curve
Question 9
1 / -0

An increase in the price of computer will cause the demand for internet services to:

A
rise

B
remain the same

C
fall

D
none of these
Question 10
1 / -0

When demand curve is parallel to Y-axis, price elasticity of demand is:

A
unity

B
zero

C
infinity

D
greater than unity

User

Question Analysis

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Re-Attempt Weekly Quiz Competition

Consumers Equilibrium and Demand Test - 6

Result

Consumers Equilibrium and Demand Test - 6

Score

-

Rank

-

SHARING IS CARING

Question 1

normal good

Giffen good

article of distinction

both (b) and (c)

Question 2

individual demand function

market demand function

both (a) and (b)

none of these

Question 3

upward sloping

downward sloping

parallel to X-axis

parallel to Y-axis

Question 4

substitutes

complementary

inferior

giffen

Question 5

income effect is negative

income effect is positive

income effect is zero

none of these

Question 6

own price of the commodity

determinants of demand, other than own price of the commodity

both (a) and (b)

none of these

Question 7

cross price effect

price effect

income effect

substitution effect

Question 8

demand curve shifts to the left

demand curve shifts to the right

there is upward movement along the demand curve

there is downward movement along the demand curve

Question 9

rise

remain the same

fall

none of these

Question 10

unity

zero

infinity

greater than unity

User

Question Analysis

My Perfomance

Score

-

Rank

-

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