Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. Decrease in Demand is also known as
a. Expansion in demand
b. Compression in demand
c. Extension in demand
d. Extraction in demand
Q. Tea and coffee are
a. Complementary goods
b. Alternative goods
c. Unrelated goods
d. None of these
Q. If price of Tea increases the demand of coffee will
a. Increase
b. Decrease
c. Remain same
d. Cannot say
Q. If there are 5000 customers for the product, the aggregate market demand for the product at marketprice `2 in the question No. 269 will be ………….
a. 40,000
b. 30,000
c. 20,000
d. 16,000
Q. Aggregate market demand in question No. 270 If there are 5000 customers will be ……
a. 40,000
b. 30,000
c. 20,000
d. 16,000
Q. In question No. 274 if the price is `4 the supply available in the market will be ……..
a. 18
b. 13
c. 15
d. 23
Q. At what price the firm will be willing to supply 28 pieces in the market (Ref. Q. No. 274)
a. `4
b. `5
c. `3
d. `4.5
Q. If there are 1000 firms in the market dealing the product under question what would be the aggregate supply if the price is `4 (Ref. Q. No. 274)
a. 20,000
b. 23,000
c. 25,000
d. 21,000
Q. What is the quantity demanded and supplied at the equilibrium price (Ref. Q. No. 278)
a. 20,000
b. 22,000
c. 21,000
d. 19,000
Q. What is the aggregate demand if the market price is `4.20 per unit (Ref. Q. No. 278)
a. 20,000
b. 22,000
c. 19,000
d. 18,000