Home

In case of giffin good, price effect is:

A. Positive

B. Negative

C. Neutral

D. Infinite

Correct Answer : A.


Download Objective type questions of Basics of Economics PDF

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Payroll MCQ Nervous System MCQ Endocrine System MCQ Area MCQ Electronics MCQ General Biology MCQ Relativity MCQ Banker's Discount MCQ Development of Biology MCQ Chemical Process MCQ Machine Input Mi-set 2 MCQ Fluid Mechanics MCQ

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

Submit
Load More..
You can do it
  1. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  2. 4.The Law of Diminishing Returns according to the modern view, applies to:
  3. If the price of product A decreases and in the result the demand for product B increases then we can…
  4. If a good is an inferior good then an increase in incomes of the consumers will:
  5. Used cars are sold in:
  6. According to Diamond Water Paradox diamonds are more expensive than water because:
  7. Income -elasticity of demand will be zero when a given change in income brings about:
  8. If the production increases under decreasing returns to scale, the cost will:
  9. Under monopolistic competition, the products sold by the firms are:
  10. The maximization of output subject to cost requires equilibrium at the:
  11. The demand curve of ostentation goods (Veblen goods) will be:
  12. In second degree price discrimination, monopolist takes away :
  13. Marginal utility is only meant for:
  14. The partial equilibrium model keeps other things:
  15. If a person behaves against the laws of economics then:
  16. Total costs are:
  17. Which of the following theories of trade cycle was presented by William Jevons?
  18. A profit-maximizing monopolist in two separate markets will:
  19. An indifferent curve shows:
  20. The difference between laws of return and laws of return to scale is:
  21. Extension (expansion) and contraction of demand are result of:
  22. The reaction curve of a firm is attained by joining the:
  23. Demand of a commodity is elastic when:
  24. Which form of market structure is characterized by interdependence in decision-making as between the…
  25. A firms profit is equal to:
  26. The longer the period of time, the elasticity of supply will be:
  27. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  28. In Prisoner Dilemma, the best choice of strategy is:
  29. A monopoly producer usually earns:
  30. Which of the following is not a feature of isoproduct curves?