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INTELLECT
Economics 👉MCQ 41
Very low priced items like match box will have price elasticity of _____
Anonymous Quiz
54%
Less than one
17%
Greater than one
21%
Zero
8%
One
👍1
INTELLECT
Economics 👉MCQ 42
Very high priced items (BMW, diamond etc) will have price elasticity of ______
Anonymous Quiz
19%
Less than one
71%
Greater than one
6%
One
4%
Zero
🔥6👍1
INTELLECT
Economics 👉MCQ 43
Medium price range goods (like TV, sofa set etc) will have _____ price elasticity
Anonymous Quiz
22%
Less than one
54%
Greater than one
21%
One
3%
Zero
INTELLECT
Economics 👉MCQ 44
Goods of whose demand is tied to some other commodity (like seat cover, side mirror of car etc) will have price elasticity of _______
Anonymous Quiz
54%
Less than one
15%
One
8%
Zero
23%
Greater than one
👍4
INTELLECT
Economics 👉MCQ 45
Price elasticity of _______ goods is usually higher
Anonymous Quiz
26%
Goods which have many substitutes
8%
Goods in medium price range
16%
Goods which have alternative uses
50%
All of above
👍3🔥1
INTELLECT
Economics 👉MCQ 46
Which of the following commodities will have higher price elasticity
Anonymous Quiz
13%
Low priced items
20%
Goods which have fewer substitutes
12%
Goods consumed out of habit
54%
Luxurious goods
1👍1
INTELLECT
Economics 👉MCQ 47
Demand for mobile charger is influenced most by ______
Anonymous Quiz
12%
Price of the charger itself
84%
Demand for mobile phones
3%
Demand for other goods
1%
None
👍21
INTELLECT
Economics 👉MCQ 48
Demand for tied goods is influenced most by _____
Anonymous Quiz
26%
Price of that commodity
71%
Demand of the main product with which it is used
3%
None of above
👍6
INTELLECT
Economics 👉MCQ 49
Price elasticity is usually ______
Anonymous Quiz
45%
Positive
44%
Negative
8%
One
3%
Zero
🔥21
INTELLECT
Economics 👉MCQ 50
Income elasticity is usually ______
Anonymous Quiz
80%
Positive
14%
Negative
4%
One
2%
Zero
👍2
2025/10/21 18:15:14
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