
Business Economics
Authored by Lalita Rani
Business
University

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The knicked demand curve explains
Price rigidity
Price flexibility
Demand rigidity
Demand flexibility
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imperfect compitition was introduced by
Marshall
Chamberlin
Keynes
None
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which the number of competing firms are relatively small
Monopoly
Oligopoly
Monopsony
Perfect competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand is a function of
Price
Cost
Product
Firm
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term group equilibrium is related to
Monopolistic competition
Oligopoly
Duopoly
Perfect competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation where there is only one buyer
Monopoly
Oligopoly
Monopsony
Perfect competition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Elasticity of demand measure
Sensitivity of sales to change in a particular causal factor
Sensitivity of production to change in a particular cost
Value of price and cost
Volume of product
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