Home

Decrease in demand results in:

A. Upward shift in demand curve

B. Downward shift in demand curve

C. Movement on the same demand curve

D. No movement or shift at all

Correct Answer : B.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

PageMaker MCQ Electro-Chemistry MCQ Metabolism MCQ Electrostatics MCQ Digital Electronics MCQ Machine Input Mi-set 2 MCQ Indian Polity & Economy MCQ Windows 2000 Server MCQ Rearrangement Set 12 MCQ Statutory Deductions MCQ Choosing the correct sentence MCQ Data Sufficiency MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..
You can do it
  1. In monopoly, when average revenue curve falls:
  2. The marshallian demand curve includes:
  3. Who stated explicitly for the first time the Law of Camparative Costs?
  4. The firms in non-cooperative games:
  5. If the supply and demand increases equally, the price will:
  6. The behavior of MC curve is determined by the behavior of the:
  7. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  8. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  9. Total costs are:
  10. Perfect competition implies:
  11. Which of the following oligopoly models is concerned with the maximization of joint profits?
  12. The budget constraint can be written as:
  13. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  14. If a commodity sold under monopoly is got free of cost, then MC will be:
  15. According to Chamberline, in monopolistic competition, differentiation is determined by:
  16. Least cost combination of two factor inputs is achieved at a point where:
  17. Under which of the following forms of the market structure does a firm have no control over the price…
  18. J.R.Hicks was:
  19. On the total utility curve the economically relevant range is the portion over which:
  20. With the change in the factor prices, the slope of the expansion path will:
  21. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  22. In the case where two commodities are good substitutes then cross elasticity will be:
  23. The word ECONOMICS is derived from the Greek terms meanings:
  24. If the commodity is normal then price effect is:
  25. In case of economic bads, an IC can be :
  26. The shape of the TC curve is:
  27. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  28. In Bertrand model, the entry of new firms is:
  29. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  30. Price is measured in: