Class XI ECO Chapter 3 Test Paper Part II 2021 MCQ
DEMAND
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1. Ceteris paribus means:   *
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2.  An increase in the real income of a consumer induces him to buy more of a commodity whose       Prices have fallen. This is known as: *
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3. Expansion of demand is associated with: *
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4. If X And Y are Complementary goods, then with an increase in the price of X:   *
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5. If Tea and coffee are substitutes, a fall in the prices of tea leads to                                                                          (i) Rise in the demand for tea                                                            (ii) Fall in the demand of tea                                                                (iii) Fall in the demand for coffee                                                            (iv) Rise in the demand of coffee       *
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6. All except one of the following are assumed to remain the same while drawing an individual’s  Demand curve for a Product. Which ones is it?     *
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7. With a fall in the price of a commodity. The demand of the commodity increases as it becomes       Relatively cheaper in comparison to other commodities. This effect is known as *
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8. The demand function of a product X is given as Dx =12-2Px, where Px stands for price. The        Demand at a price of Rs2 will be: *
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9. the demand function of product X is given as Dx=20-3Px where Px stands for price. If an       Individual Y has a demand of 8 units, then the market price of the product is:     *
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10. The demand function of a product X is given as Dx=12-2px, where Px stands for price. If there are 5,000 customers for the product, then market demand for the product at a market   Price of Rs3 will be:   *
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11. Two commodities A and B can be inferred as close substitutes of each other if: *
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12. A goods can be considered a normal good if an increase in income of the consumer cause      _________ in demand of the given good:     *
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13. Expansion and contraction in demand are caused by: *
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14. When the income of the consumer fall, the impact on the price-demand curve of an inferior good is:      (choose the correct alternative) *
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15. If due to fall in the price of good X, demand for good Y rises, the two goods are : (Choose    The correct alternative)   *
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16. If with the rise in the price of good Y, demand for good X rises, the two goods are: (Choose the correct alternative)       *
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17.  The demand curve of good shifts from DD’ to dd’.      This shift can be caused by: (Choose the correct alternative) *
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18.  An increase in the price of coffee will have the following effect on the demand curve of tea: *
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19.  The following movement in the demand curve is because: *
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20. What does the following diagram represent? *
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21. Which of the following represent the market demand curve? *
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22. Which of the following diagram represents the situation of ‘Expansion in Demand’? *
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23. The slope of the demand curve is generally:   *
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24. Any statement about the demand for a good is considered complete only when the following         Is/are mentioned in it (Choose the correct alternative):       *
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