A. Upward movement or shift of entire cure.
B. Shift of the demand curve to left side
C. Movement from one point to the other on the same demand curve
D. None
Related Mcqs:
- The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?
A. Elasticity of demand
B. Import substitution
C. Income elasticity of demand
D. None - The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?
A. Income effect
B. Substitution effect
C. Labour effect
D. All - Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
A. Say’s law
B. Keynes theory of supply
C. Law of supply
D. None - Tax levied on production of specific product on quantity of product purchased ?
A. Sales tax
B. Excise tax
C. Income tax
D. All - Any resource whose quantity can not be changed by a firm in the short run_______________?
A. Fixed resource
B. Variable resource
C. Available resource
D. Economic resource - A supply curve shifts because of change in_____________________?
A. The price of the related products
B. Technology
C. Both a and b
D. None of these - A demand curve shifts because of change is_____________________?
A. Consumer tastes
B. Number of buyers in market
C. Incomes
D. All of these - The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
A. capital flight
B. capital account
C. capital deficit
D. All of these - A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy - Selling public assets to individuals or private business interests ?
A. Publication
B. Downsizing
C. Privatization
D. All
