MicroEconomics MCQs


Multiple Choice— Select the option that best completes the sentence or provides the answer to the question.
  1. A good for which demand decreases with increase in income of consumer is called

  2. The law of demand implies that the demand curve

  3. Which of the following is not correct with respect to Consumer Price Index?

  4. Which of the following is NOT related to Microeconomics ?

  5. Which of the following is measured by the Lorenz curve?

  6. The condition in which market supply matches market demand is called

  7. The statement "Supply creates its own demand" is given by

  8. Zero price elasticity of demand means

  9. The law of demand states that:

  10. A situation where the expenditure of the government exceeds its revenue is called ______.

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