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The main contribution of Malthus is in the field of:

A. Consumption expenditure

B. Theory of population

C. Division of labor

D. Theory of demand

Correct Answer : B.


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  1. Of the following commodities, which has the lowest price-elasticity of demand?
  2. Income-elasticity of demand is expressed as:
  3. Marginal utility is only meant for:
  4. Normal profits are considered as:
  5. The average cost curve is a geometrical illustration of:
  6. The demand curve slopes downwards due to:
  7. In the theory of firm, Chamberline presented the idea of:
  8. Revealed Preference Theory was presented by:
  9. If the commodity is normal then fall in price will result in:
  10. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  11. The monopolist often lead to exploitation of:
  12. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  13. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  14. Identify the author of The Affluent Society?
  15. If a person behaves against the laws of economics then:
  16. The demand curve of ostentation goods (Veblen goods) will be:
  17. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  18. Each short run average cost curve:
  19. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  20. We can obtain consumers demand curve from:
  21. Marshallian demand function is also known as:
  22. When the income of consumer increases then budget line will:
  23. The income effect means that consumer purchase more when:
  24. The entry of new firms in cournot model is:
  25. According to the principle of substitution?
  26. In case of income effect, the level of consumers satisfaction rises when:
  27. In general, most of the production functions measure:
  28. Necessary condition for consumer equilibrium is:
  29. In a competitive market, price is determined primarily by:
  30. A demand curve which is horizontal and parallel to x-axis represents: