Scribd
Upload
24 views2 pages

Economic CHP 3A Test New

The document provides a practice test on demand analysis concepts for economics. It contains multiple choice questions, fill in the blank questions, and short answer questions testing understanding of determinants of demand, types of demand, exceptions to the law of demand, and distinguishing between related concepts like desire vs demand. The test aims to evaluate knowledge of microeconomic demand concepts.

Uploaded by

soheb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
24 views2 pages

Economic CHP 3A Test New

The document provides a practice test on demand analysis concepts for economics. It contains multiple choice questions, fill in the blank questions, and short answer questions testing understanding of determinants of demand, types of demand, exceptions to the law of demand, and distinguishing between related concepts like desire vs demand. The test aims to evaluate knowledge of microeconomic demand concepts.

Uploaded by

soheb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

NKS COACHING CLASSES

ECO Chap 3 A Demand Analysis Test -1


Date – 13th June 2022. Marks – 40
Q.1. OBJECTIVES (20 Mark’s)
A. MCQ’s
1. Which of these are determinants of demand ?
i) Taxation ii) Income iii) size of population iv) No of suppliers
a) all of the above. b) i , ii & iii. c) i , ii & iv. d) only iv
2. These are the various types of demand .
i) Direct Demand ii) Elastic demand. iii) Composite Demand. iv) Joint Demand.
a) i , iii & iv. b) i , ii & iv. c) i , ii & iii. d)all of the above
3. The following together form demand
i) Desire. ii) Willingness to pay. iii) Availability of commodity. iv) Ability to pay
a) ii & iii. b) ii , iii & iv. c) i , ii & iv. d) iii & iv
4. This means a fall in demand due to a fall in price of the substitute product .
i) Fall in demand. ii) Degrowth in demand. iii) Decrease in demand. iv) Contraction in demand
a) only ii. b) only iii. c) i , ii & iii d) iii & iv
5. This is not an exception to the law of demand .
i) luxury car. ii) low quality rice. iii) Coffee as a habit. Iv) Body spray or deo drant
a) i , ii & iii. b) ii , iii & iv. c) only iv. d) all of the above
B. Complete the correlation:
1. Mobile & charger : ______ :: Tea or Coffee : Competitive demand
2. Change in demand : Increase & decrease in demand :: Variation in demand :
3. Demand : Micro economic concept :: Aggregate demand :
4. Demand for consumer goods : Direct Demand :: _________ Derived Demand
5. Contraction of demand : Upward movement on the same demand curve :: decrease in demand :
C. Find the odd word out :
1. Car & Fuel , pen & ink , Sugar & jaggery , TV & Set top box
2. Tea & coffee , CNG & Petrol , Pen & pencil , pen & ink
3. Income , Size of population , Size of market , Nature of product
4. Prestige Goods , Giffen goods , Habitual goods , Consumer goods
5. Direct , Derived , complementary , compulsory
D. Economic Term
1. An urge to have something
2. The demand for kilo of Rice
3. The demand for a commodity which can be put to several uses .
4. The basis of demand
5. Graphical representation of the demand schedule
Q.2. A. Identify and explain the concept (4 Marks)
1. Vineet paid his Airtel mobile bill for the month .
2. A rich person bought a car
B. Distinction between (4 Marks)
1. Desire & Demand
2. Complementary & Competitive Demand
Q.3. Answer the following questions ( 12 Marks )
1. Individual Demand
2. Law of Demand
3. Assumptions to the law of Demand
All The Best

You might also like