Managerial Economics-Demand Analysis (CBSE-NET (Based on NTA-UGC) Management (Paper-II)): Questions 10 - 14 of 16

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Question number: 10

» Managerial Economics » Demand Analysis

MCQ▾

Question

In developing country ________ is the reason for the very low demand for a product?

Choices

Choice (4) Response

a.

High income

b.

Low income

c.

None of the above

d.

Question does not provide sufficient data or is vague

Question number: 11

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

Giffen goods are those goods (June Paper II)

Choices

Choice (4) Response

a.

which have high elasticity of demand

b.

which gives rise to a Cob-Web situation. A

c.

which are in short supply

d.

for which demand increases as price decreases

Question number: 12

» Managerial Economics » Demand Analysis

Appeared in Year: 2010

MCQ▾

Question

A Right-ward shift in Demand Curve indicates (June Paper II)

Choices

Choice (4) Response

a.

A decrease in supply

b.

Law of Variable Proportions a

c.

An increase in quantity supplied

d.

An increase in supply over the previous year

Question number: 13

» Managerial Economics » Demand Analysis

Appeared in Year: 2013

MCQ▾

Question

From the following identify one which is not a property of Indifference curve? (June Paper II)

Choices

Choice (4) Response

a.

Indifference curves do not intersect each other.

b.

Indifference curves are concave to the origin.

c.

Indifference curves are downward sloping.

d.

Indifference curves are convex to the origin.

Question number: 14

» Managerial Economics » Demand Analysis

MCQ▾

Question

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

Choices

Choice (4) Response

a.

Remain the same

b.

Increase

c.

Become zero

d.

Decrease

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