CBSE  /  Class 11  /  Economics  /  Theory of Consumer Behaviour

  • 1. 
    What is the price elasticity in following example ?

  • -2. 5
  • + 3. 5
  • + 4. 0
  • None of these

  • 2. 
    Who propounded the percentage or proportionate method of measuring elasticity of demand ?

  • Marshall
  • Flux
  • Hicks
  • None of these

  • 3. 
    Which of the following factor affects elasticity of demand ?

  • Nature of Goods
  • Price Level
  • Income Level
  • All of these

  • 4. 
    How many types elasticity of uemand has?

  • Three
  • Five
  • Six
  • Seven

  • 5. 
    Elasticity of demand for necessities is :

  • Zero
  • Unlimited
  • Greater than unity
  • Less than unity

  • 6. 
    Price elasticity of demand means :

  • Change in demand due to change in price
  • Change in demand
  • Change in real income
  • Change in Price

  • 7. 
    The elasticity of demand at the mid-point of a straight line demand curve:

  • will be zero
  • will be unity
  • will be infinity
  • None of these

  • 8. 
    If the demand for a good changes by 60% due to 40% change in price, the elasticity of demand is :

  • 0. 5
  • -1. 5
  • 1
  • zero

  • 9. 
    For luxury goods the demand is:

  • Inelastic
  • Elastic
  • Highly elastic
  • Perfectly Inelastic

  • 10. 
    Any statement about demand for a good is considered complete only when the following is/are mentioned in:

  • Price of the good
  • Quantity of the good
  • Period of time
  • All of these
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