Economics (UI) | Study Mode

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Question 11
A
mean
B
median
C
Mode
D
average
E
standard deviation
Explanation

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Correct option: E
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Question 12
A
standard deviation
B
mean deviation
C
variance
D
range
E
mean
Explanation

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Correct option: E
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Question 13
A
between zero and one
B
equal to unity
C
greater than unity
D
less than unity
E
none of the above
Explanation

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Correct option: C
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Question 14
A
A composite demand
B
ajoint demand
C
a derived demand
D
an elasticity of demand
E
cross elasticity of demand
Explanation

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Correct option: C
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Question 15
A
35
B
30
C
10
D
5
E
65
Explanation

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Correct option: D
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Question 16
A
normal
B
elastic
C
inelastic
D
abnormal
E
unitary
Explanation

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Correct option: C
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Question 17
A
static
B
infinitely elastic
C
externally determined
D
perfectly inelastic
E
perfectly elastic
Explanation

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Correct option: D
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Question 18
A
price-elasticity of demand
B
cross-price elasticity of demand
C
income elasticity of demand
D
elasticity of substitution
E
A-price elasticity of demand for B
Explanation

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Correct option: B
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Question 19
A
change in supply
B
change in quantity supplied
C
elasticity change
D
control price effect
E
change in equilibrium quantity
Explanation

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Correct option: A
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Question 20
A
perfectly elastic
B
perfectly inelastic
C
undefined
D
elastic
E
inelastic
Explanation

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Correct option: B

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