# PPSC Lecturer Economics Important MCQs online Test No. 49

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 Test Instructions:- Test Name Lecturer EconomicsÂ Subject Economics Test 49 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.

Lecturer Econmoics Online Test No. 49

1 / 25

The demand of a commodity having many substitutes is.

2 / 25

An increase in demand would cause supply curve to.

3 / 25

Supply curve will shift when.

4 / 25

It described the law of supply.

5 / 25

If elasticity of supply is greater than one. Supply curve will be.

6 / 25

Supply curve:

7 / 25

Price elasticity of demand measures.

8 / 25

Price and demand are positively correlated in case of:

9 / 25

Market demand curve is a summation of all individual demand curves as.

10 / 25

A horizontal demand curve has a price elasticity of:

11 / 25

Which one is not determinant of demand.

12 / 25

Which of is increasing function of price.

13 / 25

When price elasticity of demand for normal goods is calculated, the value is always.

14 / 25

Demand is a function of:

15 / 25

The elasticity of demand of durable goods is.

16 / 25

A seller can increase his sales revenue by charging a lower price, if the demand has.

17 / 25

If price elasticity of demand is very low, the commodity is.

18 / 25

Income elasticity of demand for normal good is always.

19 / 25

If price changes by one % and supply changes by 2% then supply is.

20 / 25

To say that two goods are unrelated, their cross price elasticity of demand should be.

21 / 25

Which one can cause a change in demand:

22 / 25

During particular year farmers experienced a dry weather, if all other factors fremain constant, farmers supply curve for wheat will shift to:

23 / 25

Cross elasticity for Suzuki and Honda cars will be:

24 / 25

If demand has unit price elasticity, a change in price causes.

25 / 25

If price and total revenue move in the same direction, then demand is: