PPSC Lecturer Economics Test 13 Online Preparation MCQs

Given below on this Website Online Free Taleem is free online MCQ’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 PPSC  that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
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Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 13
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

PPSC Lecturer of Economics Test 13

1 / 25

The price of bread increases by 22% and the quantity of bread demanded falls by 25%. This indicates that demand for bread is:

2 / 25

What will happen to equilibrium price and quantity when both the demand and supply curves shift to the left:

3 / 25

When the decrease in the price of one good causes the demand for another good to decrease, the goods are:

4 / 25

In the short run to stay in business, the firm must cover:

5 / 25

A price floor is:

6 / 25

What is the effect of imposing a fixed per unit tax on a good on its equilibrium price and quantity?

7 / 25

How many different equilibria can obtain when you allow for shifts in the demand and/or the supply curves?

8 / 25

What will happen to equilibrium price and quantity when the demand curve shifts to the left and the supply curve shifts to the right:

9 / 25

When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as:

10 / 25

Which one has negative income effect?

11 / 25

Equilibrium in the market for good A obtains:

12 / 25

A shift in the demand curve (drawn in the traditional Price-Quantity space) to the left may be caused by:

13 / 25

If the quantity demanded of beef increases by 5% when the price of chicken increases by 20%, the cross-price elasticity of demand between beef and chicken is:

14 / 25

Which statement is correct?

15 / 25

A shift in the demand curve (drawn in Income-Quantity space) to the left may be caused by:

16 / 25

If a government were to fix a minimum wage for workers that was higher than the marketclearing equilibrium wage, economists would predict that:

17 / 25

A price ceiling imposed by the government can cause a shortage (excess demand):

18 / 25

If the cross-price elasticity of demand between two goods is negative, then the two goods are:

19 / 25

Economic rent represents excess payment to a factor of production over and above its:

20 / 25

If the “regulated-market” price is below the equilibrium (or “free-market” price) price:

21 / 25

The need for rationing a good arises when:

22 / 25

A movement along the demand curve (drawn in Quantity-Price space) to the left may be caused by:

23 / 25

Alpha Corporation produces chairs. An economist working for the firm predicts that 'if people's incomes rise next year, then the demand for our chairs will increase, ceteris paribus.' The accuracy of the economist's prediction depends on whether the chairs Alpha produce:

24 / 25

The price of apples falls by 5% and quantity demanded increases by 6%. Demand for apples is:

25 / 25

When price of a good is held above equilibrium price, normal result will be?

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