Micro Economics MCQ (GK Set-1) with Answers

Micro Economics MCQ (GK Set-1) with Answers

86) Suppose there is an increase in demand in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following might not occur?

Answer is:

A fall in the equilibrium level of expenditure

87) Which of the following might not lead to an increase in the demand for a product that can be stored?

Answer is:

A rise in consumer incomes

88) Which of the following might not lead to a decrease in the demand for a type of labour?

Answer is:

An increase in the productivity of the labour

89) Which of the following would not lead to a decrease in the supply of a product that can be stored?

Answer is:

An increase in the demand for a joint product

90) Which of the following could not lead to an increase in price combined with an increase in the quantity traded?

Answer is:

A decrease in demand combined with an increase in supply

15
16
17
18
19
20
21