Supply & Demand-Determinants of Demand and Supply [AP (Advanced Placement) Microeconomics]: Questions 1 - 5 of 16

Choose Programs:

📹 Video Course 2024 (50 Lectures [15 hrs : 8 mins]): Offline Support

Rs. 100.00 -OR-

1 Month Validity (Multiple Devices)

Preview All LecturesDetails

🎓 Study Material (102 Notes): 2024-2025 Syllabus

Rs. 250.00 -OR-

3 Year Validity (Multiple Devices)

Topic-wise Notes & SampleDetails

🎯 456 MCQs (& PYQs) with Full Explanations (2024-2025 Exam)

Rs. 300.00 -OR-

3 Year Validity (Multiple Devices)

CoverageDetailsSample Explanation

Help me Choose & Register (Watch Video) Already Subscribed?

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)

a.

  • (iv)
  • (i)
  • (ii)
  • (iii)

b.

  • (iv)
  • (i)
  • (iii)
  • (ii)

c.

  • (iii)
  • (ii)
  • (i)
  • (iv)

d.

  • (iv)
  • (ii)
  • (i)
  • (iii)

e.

All of the above

Edit

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

Edit

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

Edit

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

Edit

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?

  1. The demand for labour is relatively inelastic
  2. The demand for labour is relatively elastic
  3. 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

Edit