5121122, 930 AM POE Gt POE C1 Kindly submit before the deadline that is 30 minutes. rt) ¢.in Switch account ® draft saved Your email will be recorded when you submit this form * Required If there is Decrease in Demand equal to Decrease in Supply then: * © @) Drop in Price forconsumers, Drop Earnings for firms © »)No change in Price for consumers, No change in Earnings for firms © ©Nochange in Price for consumers, No change in Earnings for firms O None If there is Increase in Demand < Decrease in Supply: * © a) Greater increase in Price for consumers. Greater increase in Earnings for firms © ») Increase in Price for consumers. Increase in Earnings for firms © ©) Decrease in Price for consumers. Decrease in Earnings for firms O None a hitpssdocs. google. comiformsalFAIpQLScAN JwOxC4s_ JY G91CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm um5721122, 890 AM POE Gt In the given graph, Point G represents: © 2) Impossible to Attain © ») Excess of production © ©) Inefficient usage of resources O None hitpssdocs. google. comiformsalFAIpQLScAN JwOxC4s_ JY G91CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm at5121122, 930 AM POE C1 How the PPC curve in Graph will move if there is Decrease in the demand of * Pizza Pizzas a) Right side b) Left side c) Movement along the curve hitpsdocs. google comiformsda/FAlpOLSeANwOxC4s_JY Oo@oo°o ) No change $91C5$ WMOyiSTadasKelHRUFOJUOTpOAWewform ant5121122, 930 AM POE Gt Increase in demand with no change in supply results in: * © @)Increases in sale of the product but at lower price. © >) Rise in equilibrium price and quantity. © ©No change in equilibrium price © 4)None Giffen Goods show: * © Direct price demand relationship © ») Indirect price demand relationship © ©Norelationship of demand with the price O 4) Snob value Which is NOT an example of “Derived Demand”: * © 2a) raw materials O »b) machinery O refrigerator O @None hitpssdocs. google. comiformsalFAIpQLSCAN JwOxC4s_JYGS1CSS1WMOyiSTadasKlHRUFOJUOTpONWowtorm am5121122, 930 AM POE C1 Name * Faster computer hardware * Pizzas a) shifting the curve outward b) shifting the curve inward c) Movement along the curve hitpsdocs. google comiformsda/FAlpOLSeANwOxC4s_J¥ d) No change COO © $91C5$ WMOyiSTadasKelHRUFOJUOTpOAWewform sit5121122, 890 AM POE Gt Enrollment No. * The opportunity cost of moving from d to bis: * O @)2bicycles © »)4 Computer a © ©) 7 bicycles hitpsildoes google. convormsde/ FAIpOLScAN jwOxC4s_JYG81C5S1WMOyiSTadesKlHRUFOU0TPONoworm arnt5121722, 030 AM POE Ct © 4) 0 Computers Factor of Production can be classified as : * @al CO Land & Labour © Entrepreneurship O Capital Goods When resources are NOT easily adaptable to producing goods, PPC curve * would be a) Straight line b) Bowed out curve ©) Parallel line COO0@°0O ) None When E<1* © @)Demandis elastic © }) Infinity perfectly elastic demand © ©)Perfectly inelastic demand © 4) Demand is relatively inelastic hitpssdocs. google. comiformsalFAIpQLScAN JwOxC4s_ JY G91CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm um5121122, 930 AM POE Gt With the increase in income demand increases for: * © @)Normal goods © }) Inferior goods O ©o)Both © 4)None If there is Increase in Demand > Increase in Supply: * © a) Decrease in Price for consumers. Decrease in Earnings for firms CO ) Decrease in Price for consumers. Decrease in Earnings for firms © ©) increase in Price for consumers. Increase in Earnings for firms © 4)None If the price of milk increases, what do you think will happen to the demand for * cornflakes? © a) Increase in demand © ») Decrease in demand © ©No change in Demand of cornflakes © @ No relation between the demand of milk and cornflakes hitpssdocs. google. comiformsalFAIpQLScAN JwOxC4s_ JY G91CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm ant5721122, 890 AM POE Gt In the given graph, Point F represents: * O 4) Excess of Resources © ») Excess of production © © Inefficient usage of resources O @None The Inuit of northern Canada follow: * D avr hitpstdoes. google comiforms jwOxCs_JYGSTCSS1WMOyiSTadasKalHRUFOJUOTPOAMeworm ont5121122, 930 AM POE Gt a) Hraaiuonal economy. b) Command Economy ) Pure Market Economy OOOG d) Mixed Economy Production Possibilities Curve is NOT used to highlight and clarify: * O 2)Efficiency O ») Tradeoffs © © Opportunity cost © 4 demand & Price law Movement along the demand curve happens when: * a) Decrease in quantity demanded due to rise in the price of the commodity b) Increase in quantity demanded due to fall in the price of the commodity ©) Both Oo@oo°o d) None Rate of inflation is an example of: * O 2@)Microeconomics O None O ©)Both © ») Macroeconomics hitpssidocs. google. comiformsalFAIpQLScAN JwOxC4s_JYGS1CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm Clear form sont5121122, 930 AM POE Gt Never submit passwords through Google Farms, This form was cteated inside of Indian Institute of Information Technology, Allahabad, Report Abuse Google Forms hitpssdocs. google. comiformsalFAIpQLScAN JwOxC4s_ JY G91CSS1WMOyiSTadasKalHRUFOJUOTPONWowtorm wnt