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Economics MCQs For Lectureship CSS PMS And NTS Part VI

Home/ Economics MCQs For Lectureship CSS PMS And NTS Part VI
Economics MCQs For Lectureship CSS PMS And NTS Part VI

Economics MCQs For Lectureship CSS PMS And NTS Part VI

Ambitious January 23, 2018 MCQs 0 Comments 0 views

31 In case of a large positive number in cross elasticity of demand the good is believed to be

A substitute

32 In case of  inelastic demand, a change in the price will change the total revenue in

The same direction

33 In case of Giffen goods price and demand are

Positively correlated

34 The elasticity of demand is greater than unity in case of

Durable goods

35 In case of durable goods the elasticity of demand is

More elastic

36 The value of price elasticity of demand for normal goods is always

Negative

37 In case of normal goods, income elasticity is always

Positive

38 What is a Demand?

A Function of Price

39 In case of inelastic demand, price and total revenue move in the

Same direction

40 What is Supply?

An Increasing Function of Price

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Askedon helps aspirants in their preparation for CSS, PMS, PCS and one paper MCQs based tests. We have syllabus wise complete notes of Current Affairs, Pakistan Affairs, Islamiat, Essay, Gender Studies and many other compulsory and optional subjects of CSS, PMS and PCS. The blog is owned and managed primarily by Ataulhaq Yusufzai. For more details please visit About US and Privacy Policy page.

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