Question

(1X55)
Q.1 Write the correct option
1) in which economy make decisions on the basis of price theory?
(a) Mixed
(b) Capitalism
(c) Socialism
(d) Traditional
2) Consumer behavior is studied
(a) In income Theory (b) in Macro Theory
(c) In Micro Theory
(d) In Employment Theory
3) Which of the following is not the feature of perfect competition?
(a) Advertisement of selling cost (b) Homogenous Commodity (c) Perfect knowledge of market
(d) More number of buyers and sellers
4) The price of commodity in the market is determined at the point where
(a) Demand of commodity> Supply of Commodity
(b) Demand of commodity= Supply of commodity
(c) Demand of commodity< Supply of commodity
(d) Demand of commodity+ Supply of commodity
5) cx=0 means that the elasticity of supply is
(a) Less elastic
(b) Elastic
(c) Inelastic
(d) Unitary elastic​

Answer 1

Answer:

Don't know the correct answer