Business Economics - Business Economics MCQ

1. Home
2. UGC NET Commerce Questions
3. Business Economics
4. Business Economics MCQ

16:  

Price elasticity of demand provides

A.	A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant the values of all other variables in the demand function.
B.	A technical change in the goodwill of the firm
C.	A technical change in the cost of product
D.	Technical change in the value.
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

17:  

Demand curve is related to

A.	MU curve
B.	Marginal revenue
C.	Both (a) and (b)
D.	None of these
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

18:  

Market with one buyer and one seller is called

A.	Monopsony
B.	Monopoly
C.	Bilateral Monopoly
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

19:  

The upper portion of the kinked demand curve is relatively

A.	More inelastic
B.	More elastic
C.	Less elastic
D.	Inelastic
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

20:  

Which of the following is an important dynamic variable?

A.	Superior's style and behaviour
B.	Organisational nature
C.	The task structure
D.	Cultural variables
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

• «
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• »