Matter forty eight. On what expectation, what the law states of supply would depend ? (a) There has to be zero change in money degrees of people and you will providers in the industry. (b) Prices off facts off manufacturing are secure (c) Technical top stays constant (d) The a lot more than

Matter fifty. The reason away from reduced amount of also have is: (a) Increase in Manufacturing Rates (b) Boost in Cost of Alternatives (c) Fall in amount of Providers in the does biker planet work industry (d) All more than

Matter 52. The quantity of a services and products that your supplier is preparing to offer in the market at repaired speed and you can day is named ? (a) Supply (b) Consult (c) Elasticity out of also provide (d) Elasticity away from Demand

Question 54. Determinating foundation out-of source of goods is: (a) Price of Goods (b) Price of Related Merchandise (c) Price of Grounds from Manufacturing (d) The over

Concern 55. And this of following statement is valid ? (a) Price and you can amounts has actually head dating (b) Have contour increases regarding leftover to correct (c) Have try impacted by many affairs (d) The more than

Concern 56. Which of your own following the setting reveals new guidelines out-of likewise have ? (a) S = f(P) (b) S = f(a/p) (c) S = f(Q) (d) Nothing of your more than

Question 58. Which of the following is correct ? (a) Perfectly Elastic Supply e_s = ? (b) High Elastic Supply e_s > 1 (c) Perfectly Inelastic Supply e_s = 0 (d) All the above

Question 59. e_s = 0 means that elasticity of supply is: (a) Perfectly Elastic Supply (b) Perfectly Inelastic Supply (c) Less Elastic Supply (d) Unit Elastic Supply

Concern 60. If for example the price of products goes up because of the 60% however, also provide increases by the only 5%, the production of products could be: (a) Very Flexible (b) Elastic (c) Inelastic (d) Very well Inelastic

Matter 62. When also provide develops even more which have due to brief upsurge in rate, the type away from also provide might possibly be : (a) Elastic (b) Inelastic (c) Well Flexible (d) Perfectly Inelastic

Concern 63. In the event that proportionate change in the production of goods is more as compared to proportionate improvement in the rate, the new elasticity out of have was: (a) Below Device (b) Equivalent to Product (c) More than Equipment (d) Infinite

Question 64. If your cost of the goods rises because of the sixty% and gives increases by the only 5%, the production of goods will be : (a) Highly Flexible (b) Flexible (c) Inelastic (d) Really well Inelastic

Question 65. The measurement of the elasticity of supply is expressed as: (a) \(\frac < ?Q_s/Q_s>< ?P/P>\) (b) \(\frac < Q_s>< ?P>\).\(\frac < 1>< P>\) (c) \(\frac < Q_s>< Q_s>\).?Y (d) \(\frac < ?P>< Q_s>\).\(\frac < P>< ?Q_s>\)

Concern 67. Repaired rates is also called: (a) Adjustable pricing (b) Real pricing (c) Supplementary prices (d) Short-title rates

Also provide are with the: (a) A time period (b) Rate (c) Both (a) and you can (b) (d) Not one of your own more than

Question 68. Have falls on the same rates whenever: (a) Where there can be decrease in also provide (b) If you have contraction when you look at the supply (c) When likewise have expands (d) When there is extension from inside the likewise have.

Concern 70. Regarding quick-focus on pursuing the items are part of the entire process of creation: (a) Repaired circumstances (b) Changeable circumstances (c) One another (a) and you may (b) (d) Not one of these.

Concern 23. What exactly is the possibility rates ? (a) The contrary foregon (b) Chances missing (c) Import earnings (d) Each one of these

New flexibility from a straight line supply contour coming from the latest middle out of origin try: (a) Lower than unity, (b) more than unity (c) comparable to unity (d) equal to no

Question 47. For a firm’s equilibrium: (a) MR = MC (b) MR > MC (c) MR < MC (d) MR = MC = 0