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A Demand Curve Usually Has A Mcq. Usually a supply curve has positive slope. A resources are scarce. The market demand for carrots must be horizontal. D all of these.
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D 25 decrease in quantity demanded. The price elasticity of demand for its output is unitary. Bfaces a downward-sloping demand curve. Luxury goods tend to have an a elastic demand b inelastic demand c unitary demand d none of these 13. 10 11In monopolistic competition each firm has a demand curve with Aa slope equal to zero and there are barriers to entry into the market. Suppose that a pure monopolist can sell 4 units of output at 2 per unit and 5 units at 175 per unit.
Dthe demand curve for a normal good shifts rightward.
C 1 decrease in quantity demanded. The marginal cost of producing and selling different quantities of a good. Total revenue decreases when the firm lowers its price c. The monopolist has a flat demand curve because of high barriers to entry. The Demand for goods or services is defined as the desire of a consumer to purchase that commodity. Dhas a perfectly elastic supply.
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B human wants are unlimited. The Supply of goods or services is the overall availability of that commodity in the market. Chas a perfectly inelastic supply. All of the above must be true. Dthe demand curve for a normal good shifts rightward.
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16 If demand is unitary elastic a 25 increases in price will result in. An exceptional demand curve is one that moves aupward to the right bdownward to the right chorizontally dupward to the left. All of the above must be true. A resources are scarce. D Leftward shift of the demand curve.
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A Ford can be substituted by a different model. Usually a supply curve has positive slope. C resources have alternative uses. A Monopolistic Competition b Perfect Competition c Monopoly. Other Demand Elasticities i.
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The demand curve of the firm and industry will be same in which form of market. We have provided MCQ Questions for Class 12 Economics for all chapters on our website. D Leftward shift of the demand curve. Other Demand Elasticities i. The MR curve cuts the horizontal line between Y axis and demand curve into.
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C 1 decrease in quantity demanded. Slope of firms demand curve under perfect competition means demand curve is_____ a horizontal b vertical c positive d negative. A 25 change in total revenue. 2- Slope of production possibility curve is. A Upward movement on the demand curve b Downward movement on the demand curve c Rightward shift of the demand curve d Leftward shift of the demand curve.
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If the price elasticity of demand is greater than 1 a monopolys a. An exceptional demand curve is one that moves aupward to the right bdownward to the right chorizontally dupward to the left. The effect on market supply of a change in the demand for a good or service. Marginal revenue is equal to. A Demand Curve is a diagrammatic illustration reflecting the price of a product or service and its quantity in demand in the market over a given period.
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Please refer to MCQ Questions Chapter 2 Theory of Consumer Behaviour Class 12 Economics with answers provided below. 1 mark each 1- Economic problem arises due to the fact that. A supply curve shows the relation between the quantity of a good supplied and. The price of the good. A Two unequal parts b Two equal parts c May be equal or unequal parts d None of these Answer.
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If two demand curves are shooting downward from the same point then-a flatter curve have greater elasticity of demand b steeper curve have greater elasticity of demand c both curves show same elasticity of demand since they shoot down from the same point d none of the above. These multiple-choice questions have been developed based on the latest NCERT book for class 12 Economics issued for the current academic year. Elasticity of a Linear Demand Curve. C concave to the point of origin. Price in the long run is not usually equal to minimum average total cost.
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The price elasticity of demand for its output is unitary. The quantity of a good that consumers would like to purchase at different prices. The monopolist has a flat demand curve because of high barriers to entry. The price elasticity of demand for its output is unitary. 10 11In monopolistic competition each firm has a demand curve with Aa slope equal to zero and there are barriers to entry into the market.
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Extension and contraction of demand for a good occurs as a result of aChange in the quality of good bChange in the price of a good cAvailability of cheaper substitutes dIncreases in Income B 14. A Demand Curve is a diagrammatic illustration reflecting the price of a product or service and its quantity in demand in the market over a given period. The market demand curve shows. Usually a supply curve has negative slope. Extension and contraction of demand for a good occurs as a result of aChange in the quality of good bChange in the price of a good cAvailability of cheaper substitutes dIncreases in Income B 14.
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C 1 decrease in quantity demanded. Dhas a perfectly elastic supply. However it would be very unusual for a demand curve to be linear over a broad range of prices. Usually a supply curve has positive slope. B human wants are unlimited.
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It is not as easy to find a substitute for a car in general. A Upward movement on the demand curve b Downward movement on the demand curve c Rightward shift of the demand curve d Leftward shift of the demand curve. C Has little importance in total budget. 2- Slope of production possibility curve is. Slope of firms demand curve under perfect competition means demand curve is_____ a horizontal b vertical c positive d negative.
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A Two unequal parts b Two equal parts c May be equal or unequal parts d None of these Answer. A Two unequal parts b Two equal parts c May be equal or unequal parts d None of these Answer. Bfaces a downward-sloping demand curve. The effect of advertising expenditures on the. The marginal cost of producing and selling different quantities of a good.
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Usually the demand curve diagram comprises X and Y axis where the former represents the price of the service or product and the latter shows the quantity of the said entity in demand. B Downward movement on the demand curve. The price elasticity of demand for its output is unitary. A demand curve graph depicts the relationship between the price of a commodity the y-axis and the quantity of that commodity that is demanded at that price the x-axis. A Ford can be substituted by a different model.
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Marginal revenue is equal to. If two demand curves are shooting downward from the same point then-a flatter curve have greater elasticity of demand b steeper curve have greater elasticity of demand c both curves show same elasticity of demand since they shoot down from the same point d none of the above. 2- Slope of production possibility curve is. 1 mark each 1- Economic problem arises due to the fact that. Athere is an upward movement along the demand curve for the good.
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An exceptional demand curve is one that moves aupward to the right bdownward to the right chorizontally dupward to the left. MCQs on Demand and Supply. D all of these. Total revenue decreases when the firm lowers its price c. These multiple-choice questions have been developed based on the latest NCERT book for class 12 Economics issued for the current academic year.
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All of the above must be true. Dthe demand curve for a normal good shifts rightward. A Upward movement on the demand curve b Downward movement on the demand curve c Rightward shift of the demand curve d Leftward shift of the demand curve. For a monopoly the industry demand curve is the firms a. Chas a perfectly inelastic supply.
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Bfaces a downward-sloping demand curve. B human wants are unlimited. D none of. C resources have alternative uses. Slope of firms demand curve under perfect competition means demand curve is_____ a horizontal b vertical c positive d negative.
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