## 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

Income elasticity is measured as:

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

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

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

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If elasticity is equal to infinity, Demand is:

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The necessary condition for consumer equilibrium for two commodities is:

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If elasticity is equal to 1, Demand is:

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

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If elasticity is equal to 0, Demand is:

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Point elasticity is used when change in price is:

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

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In ordinal approach, consumer is in equilibrium when:

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

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

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Arc elasticity is used when change in price is:

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

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Formula of Arc elasticity is:

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

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

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In long run usually price elasticity of demand is:

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

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Cross elasticity is measured as:

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