(A) Cost of production
(B) Production technology
(C) None
(D) Both
Tag: Economics Mcqs With Answers
Which of these is not a factor of quantity supplied?
(A) Price of the goods
(B) Price of the related other goods;
(C) Cost of production
(D) Consumers disposal income
Which of these is not a determinant of aggregate supply?
(A) Quantity demanded
(B) Price of the product under consideration
(C) Relative price of other goods
(D) Future expectations about prices
Shift in supply curve is cause by?
(A) Change in citrus paribus conditions
(B) Increase in price;
(C) Decrease in price
(D) Change in consumer income
The minimum price that a supplier expect to make available a specific quantity for sale is called?
(A) Demand price
(B) Administered price
(C) Cost price
(D) Supply price
Which of the following is not a factor in market supply of a product?
(A) Cost of production
(B) Number of buyers
(C) Market price of the product;
(D) Price of related products
The elasticity of a demand curve with a constant slope?
(A) Increases at higher price
(B) Decreases at higher price;
(C) Increases at lower price
(D) Remains constant
Which of these would lead to decrease in quantity supplied at a given price?
(A) Decrease in VAT
(B) Decrease in excise duty;
(C) Decrease in import duty
(D) Imposition of higher levies