Practice Test 56
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If the price of apples rises from Rs. 30 per kg to Rs. 40 per kg and the supply increases from 240 kg to Rs. 300 kg. Elasticity of supply is: (use arc Elasticity Method)

The structure of the cold drink industry in India is best described as:

Which of the following is not a property of the indifference curve ?

The income of a household rises by 20 per cent, the demand for computer rises by 25 percent, this means computer (in Economics) is a/an:

If as a result of 50 per cent increase in all inputs, the output rises by 75 per cent, this is a case of:

The point elasticity at the mid-point on the demand curve is:

When as a result of decrease in the price of good, the total expenditure made on it decreases we say that price elasticity of demand is:

Which of the following can be regarded as law of economics?

State which of the following represents macro from the national point of view.

Which of the following statements is correct?

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GENERAL ECONOMICS
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