Home

If the price of Pepsi Cola goes down, you would predict:

A. An increase in supply of coca cola

B. A decrease in supply of coca cola

C. An increase in demand for coca cola

D. A decrease in demand for coca cola

Correct Answer : D.


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

Operating System MCQ Units, Dimensions and Errors MCQ Banker's Discount MCQ State of Matter MCQ Genetics MCQ Visual Basic MCQ Biological Classification MCQ Rearrangement Set 4 MCQ Word Power MCQ Rearrangement Set 5 MCQ Additional Chemistry (Inorganic) MCQ Direct TAX MCQ

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

Submit
Load More..
You can do it
  1. The marshallian indirect utility function in the form of equation is:
  2. In monopolistic competition, the firm take advantage due to customers:
  3. If under perfect competition, in the short period, price does not cover the average cost completely,…
  4. The Tit for Tat strategy means cooperation by the 2nd firm if:
  5. In microeconomics, we study:
  6. Marginal utility (MU) always:
  7. The optimal strategy for a player is termed as:
  8. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  9. In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
  10. Identify the author of The Affluent Society?
  11. The General Theory of Employment, Interest and Money is the major work of :
  12. The maximization of output subject to cost requires equilibrium at the:
  13. The demand curve slopes downwards due to:
  14. At the shut-down point in perfect competition:
  15. If money income is given then consumer is in equilibrium when:
  16. Under monopolistic competition, in long-run there is:
  17. As the price of diamond is higher, so it has:
  18. In Edgeworth model, prices oscillate between:
  19. According to Marshal, the Law of Diminishing Returns is applicable to:
  20. Perfect competition implies:
  21. The kinked demand curve comes into being where:
  22. The goods sold by firms under monopolistic competition are technological as well as:
  23. The equilibrium conditions, MC = MR = AR = AC, will happen:
  24. An iso-product (an isoquant) curve slopes:
  25. The firm is said to be in equilibrium when the difference between revenue and cost is:
  26. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  27. Selling costs are incurred under monopolistic competition to:
  28. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  29. In the case of substitutes, the cross demand curve slopes
  30. Dumping is international discriminating: