Posted on September 9, 2022
Initially you were purchasing OT1 quantity of tea = P1K1. Now you are ready to purchase OT2 = P1K2 even when price of tea remains stable at OP1 Greater purchase of a commodity at its constant price points to a situation of increase in demand, or forward shift in demand curve. Accordingly, demand curve for tea shifts to the right, from D1 to D2.
RBSE Category 12 Business economics Chapter 3 Multiple-Possibilities Issues
Question step one. Demand for an item refers to : (a) interest in brand new product (b) dependence on new commodity (c) wide variety needed of this commodity (d) number of the brand new product needed during the a particular price throughout any sorts of time frame Answer: (d)
Matter 2. Contraction of demand ‘s the result of : (a) decrease in exactly how many Users . (b) rise in the expense of the great worried (c) decrease in the values away from most other merchandise (d) reduced amount caribbean cupid visitors of the money regarding buyers Answer: (b)
All excepting one of following the was assumed to remain the exact same while drawing an individual’s request curve getting a commodity. What type is-it? (a) The preference of the person (b) His economic earnings (c) Price (d) Cost of associated goods Respond to: (c)
Matter cuatro. Hence of the following sets of products try an example of replacements? (a) Tea and you will Sugar (b) Beverage and you will Coffee (c) Pen and ink (d) Shirt and you may Trousers Answer: (b)
Matter 5. Regulations from request, and when whatever else to remain ongoing, establishes the connection between : (a) income of one’s individual and also the amount of an excellent demanded from the him (b) price of an effective therefore the amounts needed (c) price of good and the demand for its substitute (d) wide variety recommended of a good in addition to relative rates of its complementary products Address: (b)
Question 3
Concern six. In the event that irrespective of alterations in its rate, the amount required of a good remains undamaged, then the request bend on the a great would be : (a) horizontal (b) vertical (c) undoubtedly sloped (d) negatively sloped Respond to: (b)
Question eight. The law of demand is : (a) a quantitative declaration (b) a qualitative report (c) each other a quantitative and you can a good qualitative statement (d) none a decimal nor a good qualitative report Address: (b)
Question 8. All the pursuing the try determinants from consult except: (a) needs and you will choice (b) numbers, provided (c) income (d) price of relevant merchandise Respond to: (b)
Matter nine. A movement along side demand contour to have soft drinks is the greatest referred to as : (a) an increase in request (b) a decrease in demand (c) a change in amounts demanded (d) a change in consult Answer: (c)
Matter ten. If the cost of Pepsi minimizes in accordance with the cost of Coke and you may eight-Right up, the fresh new demand for : (a) Coke often decrease (b) 7-Up tend to drop-off (c) Coke and 7-Upwards increase (d) Coke and you may eight-Right up will disappear Address: (d)
Question eleven. Considering ……………. “Legislation away from Consult states people commonly get alot more from the lower costs and get reduced at the large rates, anything kept the same (a) Prof. uelson (d) Bilas Answer: (c)
Question twelve. Merchandise with negative price feeling and you will confident earnings-impact are known as : (a) second-rate items (b) regular items (c) substitute goods (d) subservient items Address: (b)
Concern thirteen. Merchandise that have negative income effect is termed as : (a) inferior services and products (b) normal goods (c) substitute merchandise (d) subservient merchandise Respond to: (a)
Matter 14. Inferior items having negative income perception and you can positive rate effect try named …………………… services and products. (a) substandard merchandise (b) giffen products (c) substitute items (d) subservient goods Address: (b)