Hie slope of the demand Curve of a normal goods is:
  • Negative
  • Positive
  • Zero
  • Undefined
With an increase in income consumer decreases the consumption of which goods ?
  • Inferior goods
  • Normal goods
  • Giffin goods
  • Both (a) and (b)
The demand curve of a good shifts from DD’ to dd
  • fail in the price of the goods
  • rise in the price of the goods
  • rise in the price of substitute goods
  • rise in the price of complementary goods
Elasticity of demand is a:
  • Qualitative Statement
  • Quantitative Statement
  • Both (a) and (b)
  • None of the above
Which of the following is a formula for measuring the elasticity of demand?
MCQ Questions for Class 11 Economics Chapter 2 Theory of Consumer Behaviour with Answers 2
  • a
  • b
  • c
  • d
For Giffin goods, price elasticity of demand is :
  • Negative
  • Positive
  • Zero
  • None of these
Following figure shows:
  • High Elastic Demand
  • Perfectly Elastic Demand
  • Perfectly Inelastic Demand
  • Inelastic Demand
Which of the following shows elasticity less than one ?
  • Necessity Goods
  • Comforts
  • Luxuries
  • All of these
With which method, elasticity of demand is measured?
  • Total Expenditure Method
  • Percentage or Proportionate Method
  • Point Method
  • All of these
Elastic demand is shown by:
MCQ Questions for Class 11 Economics Chapter 2 Theory of Consumer Behaviour with Answers 4
  • a
  • b
  • c
  • d
What is the price elasticity in following example ?
  • -2. 5
  • + 3. 5
  • + 4. 0
  • None of these
Who propounded the percentage or proportionate method of measuring elasticity of demand ?
  • Marshall
  • Flux
  • Hicks
  • None of these
Which of the following factor affects elasticity of demand ?
  • Nature of Goods
  • Price Level
  • Income Level
  • All of these
How many types elasticity of uemand has?
  • Three
  • Five
  • Six
  • Seven
Elasticity of demand for necessities is :
  • Zero
  • Unlimited
  • Greater than unity
  • Less than unity
Price elasticity of demand means :
  • Change in demand due to change in price
  • Change in demand
  • Change in real income
  • Change in Price
The elasticity of demand at the mid-point of a straight line demand curve:
  • will be zero
  • will be unity
  • will be infinity
  • None of these
If the demand for a good changes by 60% due to 40% change in price, the elasticity of demand is :
  • 0. 5
  • -1. 5
  • 1
  • zero
For luxury goods the demand is:
  • Inelastic
  • Elastic
  • Highly elastic
  • Perfectly Inelastic
Any statement about demand for a good is considered complete only when the following is/are mentioned in:
  • Price of the good
  • Quantity of the good
  • Period of time
  • All of these
0 h : 0 m : 1 s

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