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