Question

1.
Choose the correct answer. Write only the alphabet:
1
Scarcity definition of Economics is introduced by
(a) Adam Smith
(b) Alfred Marshall
(c) Lionel Robbins
(d) JR Hicks
2.
The straight line demand curve has an elasticity that
(a) Remains constant along its length
(b) Increases as quantity demanded increases along its length
(c) Decreases as quantity demanded decreases along
length
(d) Decreases as quantity demanded increases along its length
_______________________
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Answer 1

Answer:

1.(a)

2.(b)

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Answer 2

Answer:

1. a

2. b

Explanation:

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