Ünite Sınavı Soruları

As we move from left to right on the demand curve, which of the following will not take place?

What will be the shape of the price-consumption curve between X and Y when the goods are complements?

Change in the quantity demanded of a good in response to a change in the price in its price, keeping the satisfaction level of the consumer constant, is called the ................. effect.

I)   For normal goods quantity demanded increases (decreases) as income increases (decreases).
II)  For inferior goods quantity demanded decreases (increases) as income increases (decreases).
III) Beveridge Curve relates the quantity of good demanded to income.

Which of the statements given above is not true about demand curve?

I) Demand is ELASTIC if the percentage change in the quantity is greater than the percentage change in
price making the absolute value of the price elasticity greater than 1.

II) Demand is INELASTIC if the percentage change in the quantity is less than the percentage change in
price, making absolute value of the elasticity between 0 and 1

II) Demand is UNITARY ELASTIC if the percentage change in the quantity is equal to the percentage
change in price, making the absolute value of the price elasticity equal to 1.

Which of the following is true for elasticity of demand?

When we derive demand curve, we assume that all the other prices and monetary (nominal) income of the consumer are constant. Unlike this assumption which of the following is not correct when there is a fall in the own price of commodity?

Which of the following correctly specifies the price elasticity of demand?

Which of the following is true if the consumer's total expenditure is maximum when the elasticity of demand is equal to one?

If X and Y are substitutes, what will be the shape of cross-demand curve for good Y when the price of X increases?

I) Price-Consumption Curve is the set of utility-maximizing commodity bundles traced out as the price of one commodity changes, ceteris paribus.

II) A change in the demand is the movement along the demand curve.

III) A change in the quantity demanded the shift of the entire demand curve

Which of the following is true for demand curve?

In ordinary demand function, which of the following variable affect the quantity demanded of a commodity?

Which of the following is true according to the table above?

• A consumer only consumes two goods, potatoes and meatballs, to prepare meal.
• Meatballs are significantly more expensive compared to potatoes.
• When income is constant and the price of the potatoes increases it is observed that people consume more potatoes.

Taking into account the constraints above, which of the following terms describes the potatoes the best?

I)  For giffen good, demand curve is downward sloped

II) For normal good, demand curve is upward sloped

III) For inferior good, demand curve is downward sloped

Which of the following is true for normal, inferior and giffen goods?

Which of the following describes the effect when the price of a good increases and consumers demand less of this commodity since the commodity has become more expensive relative to other goods consumed?

What is the set of utility-maximizing commodity bundles traced out as the price of one commodity changes, ceteris paribus?

The Engel curve shows the relationship between which of the following pairs of variables?

Which of the following sets of goods are complements?

The drugs to treat cancer have a very low income elasticity, often much closer to _______ , making them ________ .

What would one say about the elasticity of demand if the percentage change in the quantity is equal to the percentage change in price, making the absolute value of the price elasticity equal to one?