CBSE  /  Class 11  /  Economics  /  Theory of Consumer Behaviour

  • 1. 
    Law of Demand is a:

  • Qualitative Statement
  • Quantitative Statement
  • Both (a) and (b)
  • None of these

  • 2. 
    Which of the following is a demand function ?

  • PX
  • DX = PX
  • Dx = (Px)
  • None of these

  • 3. 
    When change in the price of goods-X affects the demand of goods-Y, this demand is called:

  • Price Demand
  • Income Demand
  • Cross Demand
  • All of these

  • 4. 
    For normal goods, Law of Demand states the relationship between price and quantity of goods:

  • Direct
  • Positive
  • Indirect
  • None of the above

  • 5. 
    Which of the following is a reason for fall in demand ?

  • Fall in Income
  • Fall in Number of Buyers
  • Fall in Taste of Consumer
  • All the above

  • 6. 
    With rise in coffee price, the demand of tea:

  • Rises
  • Falls
  • Remains stable
  • None of these

  • 7. 
    Contraction in demand appears when:

  • Price rises and demand falls
  • Price rises and demand also rises
  • Price remains stable and demand falls
  • Price falls but demand remains stable

  • 8. 
    Which is a reason of change in demand ?

  • Change in consumer’s income
  • Change in price of related goods
  • Population increase
  • All pf these

  • 9. 
    For a change in which of the following, there is no change in demand ?

  • Change in price
  • Change in income
  • Change in taste and fashion
  • None of these

  • 10. 
    With a rise in price the demand for ‘Giffin’ goods:

  • increases
  • decreases
  • remains constant
  • becomes unstable
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