CBSE  /  Class 11  /  Economics  /  Production and Costs

  • 1. 
    The figure given below shows:

  • Extension in Supply
  • Contraction in Supply
  • Elasticity of supply
  • Elasticity of demand

  • 2. 
    The quantity of a goods which the seller is ready to sell in the market at fixed price and time is called ?

  • Supply
  • Demand
  • Elasticity of supply
  • Elasticity of Demand

  • 3. 
    Supply is associated with:

  • A Time Period
  • Price
  • Both (a) and (b)
  • None of the above

  • 4. 
    Determinating factor of supply of goods is:

  • Price of Goods
  • Price of Related Goods
  • Price of Factor of Production
  • All the above

  • 5. 
    Which of the following statement is true ?

  • Price and quantity have direct relationship
  • Supply curve rises from left to right
  • Supply is affected by many factors
  • All the above

  • 6. 
    Which of the following function shows the laws of supply ?

  • S = f(P)
  • S = f(a/p)
  • S = f(Q)
  • None of the above

  • 7. 
    Following figure shows :

  • Perfectly Elastic Supply
  • Perfectly Inelastic Supply
  • Elastic Supply
  • Inelastic Supply

  • 8. 
    Which of the following is correct ?

  • Perfectly Elastic Supply e
  • High Elastic Supply e
  • Perfectly Inelastic Supply e
  • All the above

  • 9. 
    Following figure shows :
    MCQ Questions for Class 11 Economics Chapter 3 Production and Costs with Answers 4

  • Perfectly Elastic Supply

  • Perfectly Inelastic Supply

  • Less Elastic Supply
  • Unit Elastic Supply

  • 10. 
    If the price of goods rises by 60% but supply increases by only 5%, the supply of goods will be:

  • Highly Elastic
  • Elastic
  • Inelastic
  • Perfectly Inelastic
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