Managerial Economics-Demand Analysis (CBSE-NET (Based on NTA-UGC) Management (Paper-II)): Questions 5 - 9 of 16

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Question number: 5

» Managerial Economics » Demand Analysis

Appeared in Year: 2014

MCQ▾

Question

In case a decrease in price of a commodity results in an increase in its demand on a negatively sloping demand curve, it is called (June)

Choices

Choice (4) Response

a.

An increase in demand

b.

An increase in quantity demanded

c.

Law of demand

d.

None of the above

Question number: 6

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

Willingness to pay minus actual payment is called (December)

Choices

Choice (4) Response

a.

Consumer’s surplus

b.

Producer’s surplus

c.

Utility Cost

d.

Supplier’s surplus

Question number: 7

» Managerial Economics » Demand Analysis

Appeared in Year: 2015

MCQ▾

Question

Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach? (December)

Choices

Choice (4) Response

a.

Diminishing marginal utility of money

b.

Utility cardinally measurable

c.

Rationality

d.

Maximization of satisfaction with limited money income

Question number: 8

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

If two commodities are complementary, then the rise in the price of one commodity will induce (December)

Choices

Choice (4) Response

a.

A backward shift in demand curve for the other commodity

b.

No shift in demand curve for the other commodity

c.

An upward shift of demand curve

d.

A rise in the price of other commodity

Question number: 9

» Managerial Economics » Demand Analysis

MCQ▾

Question

In capital economic system which forces together determine the resource allocation and price?

Choices

Choice (4) Response

a.

Demand

b.

Supply

c.

Both a. and b. are correct

d.

None of the above

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