Business economics ugc net practice questions

business economics commerce ugc net practice questions

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Economics -1

1 / 5

An indifference curve is
a. concave to origin
b. convex to origin
c. straight line
d. vertical line

2 / 5

National income determined by
a. income method
b. income disposal method
c. value added method
d. all of above

3 / 5

If price of any commodity decreased by 20% and the demand will rise by 40 % , then the elasticity of demand will be
a. highly elastic
b. inelastic
c. elastic
d. perfect elasticity

4 / 5

THE kinked demand curve model of oligopoly
developed by
a. cournet
b. edgeworth
c. sweezy
d. none

5 / 5

Kinked demand curve is related to
a. perfect competition
b. monopoly
c. oligopoly
d. perfect competition

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