Home

If the price of coffee increases, you would predict that:

A. Demand curve for sugar will shift downward (leftward)

B. Supply curve for sugar will shift leftward (upward)

C. Demand curve for bread will shift downward (leftward)

D. None of the above

Correct Answer : A.


Since the price of complement has increased, there will be a decrease in demand for sugar.}

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

Rearrangement Set 10 MCQ Gravitation MCQ Rearrangement Set 12 MCQ Angiosperms (Taxonomy and Classification) MCQ Relationship based problems MCQ Kinetic Theory of Gases MCQ Rearrangement Set 3 MCQ Mechanical Engineering MCQ Solids, Liquides, Gases MCQ Rearrangement Set 6 MCQ English Grammer MCQ Microsoft Excel MCQ

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

Submit
Load More..
You can do it
  1. In perfect cartel, the:
  2. The right of individuals to control productive resources is known as:
  3. Under which of the following forms of the market structure does a firm have no control over the price…
  4. Marginal cost is the cost:
  5. In which case the elasticity shown by the different points of a curve is the same?
  6. The long run total cost is attained by:
  7. The main contribution of Prof. Lord Keynes is in the field of:
  8. The giffen paradox is an exception to law of:
  9. The kink demand curve faced by an oligopolist is based on the assumption that:
  10. Who first formulated the Marginal Productivity Theory of Distribution?
  11. A monopolist:
  12. In the long-run:
  13. The Law of Proportionality is another name of:
  14. MRSxy measures:
  15. The game theory concentrates on:
  16. A firm is a sum of persons who convert:
  17. When a consumer is satisfied with his spending pattern, he is said to be in:
  18. In the case of complements, the cross demand curve slopes:
  19. Price leadership is associated with:
  20. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  21. In short run, a firm can change its:
  22. Technological efficiency:
  23. Economic laws are:
  24. Competitors in monopolistic competition have full control over:
  25. Of the following commodities, which has the lowest price-elasticity of demand?
  26. The name of the system of direct exchange is:
  27. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  28. In 1932, The nature and significance of economic science was written by:
  29. Supply of a commodity refers to:
  30. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows: