Supply & Demand-Determinants of Demand and Supply [AP (Advanced Placement) Microeconomics]: Questions 1 - 5 of 16
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Question 1
Appeared in Year: 2013
Question Match List-Ⅰ List-Ⅱ▾
Match the following (December)
List-Ⅰ (Group I) | List-Ⅱ (Group II) |
---|---|
(A) Ragi and Bajra | (i) Complementary |
(B) Car and Petrol | (ii) Substitutes |
(C) Tea and Coffee | (iii) Veblen goods |
(D) Gold and Diamonds | (iv) Giffen goods |
Choices
Choice (5) | Response | |
---|---|---|
| ||
a. |
| |
b. |
| |
c. |
| |
d. |
| |
e. | All of the above |
Question 2
Appeared in Year: 2017
Question MCQ▾
For the demand function , what is price elasticity of demand at ?
Choices
Choice (5) | Response | |
---|---|---|
a. | Zero | |
b. | 0.5 | |
c. | 1.5 | |
d. | 1 | |
e. | All of the above |
Question 3
Appeared in Year: 2017
Question MCQ▾
The demand for rare paintings and rare stamps etc. is explained by which among the following effect?
Choices
Choice (5) | Response | |
---|---|---|
a. | Snob effect | |
b. | Veblen effect | |
c. | Bandwagon effect | |
d. | All of the above | |
e. | None of the above |
Question 4
Appeared in Year: 2016
Question MCQ▾
For demand fuction , what is consumer՚s surplus at ? (Paper III)
Choices
Choice (5) | Response | |
---|---|---|
a. | ||
b. | ||
c. | ||
d. | 6 | |
e. | All of the above |
Question 5
Appeared in Year: 2017
Question MCQ▾
For an increase in the effective minimum wage to have less of an impact on employment, which of the following is correct?
- The demand for labour is relatively inelastic
- The demand for labour is relatively elastic
- The demand for labour is a derived demand
Choose the correct answer from the code given below: (November Paper II)
Choices
Choice (5) | Response | |
---|---|---|
a. | (1) and (3) | |
b. | (1) only | |
c. | (3) only | |
d. | (1) and (2) | |
e. | All of the above |