# PPSC FPSC Lecturer Economics Online Test 20 Solved MCQs

Given below on this Website Online Free Taleem is free online MCQâ€™s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSCÂ  that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

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There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
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 Test Instructions:- Test Name Lecturer EconomicsÂ Subject Economics Test 20 Test Type MCQs Total Questions 25 Total Time 20 Minutes Total Marks 100
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You have 20 minutes to pass to the quiz.

PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 20

1 / 25

In case of necessary goods, price elasticity of demand is:

2 / 25

Income elasticity of demand of a commodity is defined as the responsiveness of its demand due to change in:

3 / 25

The sufficient condition for two commodities for consumer equilibrium is that:

4 / 25

If close substitutes of a goods are available, demand for good is:

5 / 25

Formula of Arc elasticity is:

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In long run usually price elasticity of demand is:

7 / 25

Cross elasticity of demand of a good is defined as the responsiveness of its demand due to change in:

8 / 25

Price elasticity is measured by two formulas called ............ and ..............

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Arc elasticity is also known as .............. elasticity:

10 / 25

Arc elasticity is used when change in price is:

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If elasticity is equal to infinity, Demand is:

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Cross elasticity is measured as:

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If elasticity is equal to 1, Demand is:

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Formula of point elasticity or general price elasticity is:

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If elasticity is equal to 0, Demand curve is:

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Income elasticity is measured as:

17 / 25

Price elasticity of demand of a good is defined as the responsiveness of its demand due to change in:

18 / 25

If elasticity is equal to 0, Demand is:

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Budget line shows the................ of consumer, when price of two commodity is given:

20 / 25

If elasticity of demand lies between 0 and 1, the demand of a goods is:

21 / 25

Point elasticity is used when change in price is:

22 / 25

In ordinal approach, consumer is in equilibrium when:

23 / 25

The necessary condition for consumer equilibrium for two commodities is:

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If elasticity of demand lies between 1 and infinity, the demand of a goods is:

25 / 25

In case of luxury goods, price elasticity of demand is: