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Free Online MCQ Questions of Class – 11 Microeconomics Chapter 6 – Price Elasticity of Demand

Free Online MCQ Questions of CBSE Class 11 Microeconomics Chapter 6 – Price Elasticity of Demand with Answers. Free Online MCQ Questions for Class 11 Microeconomics with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Microeconomics Price Elasticity of Demand Current Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Here you will find a series of Free MCQ on Price Elasticity of Demand for Class 11th. This article consists of MCQ related to the topic “Price Elasticity of Demand”.

Free Online MCQ Questions of Class -11 Microeconomics

Chapter 6 – Price Elasticity of Demand with Answers

  1. A demand curve which takes the form of a horizontal line parallel to the quantity axis illustrates elasticity which is:
    1. Zero
    2. Infinite
    3. >1
    4. <1
  2. Consider a demand curve which takes the form of a Straight line cutting both axis. Elasticity at the mid point of the line would be:
    1. Zero
    2. =1
    3. >1
    4. <1
  3. The elasticity of demand for a commodity will be higher-
    1. The more of that commodity is considered a necessity.
    2. The more is buyer’s demand loyalty.
    3. The more availability of substitutes.
    4. All of the above
  4. Demand for a good is elastic if:
    1. Demand for that good increases when price falls.
    2. A price fall results, decrease in total expenditure.
    3. A rise in price results, increase in total expenditure.
    4. A rise in price results, decrease in total expenditure.
  5. If the quantity demanded of a commodity remains unchanged as its price changes, the coefficient of price elasticity of demand is-
    1. Zero
    2. >1
    3. <1
  6. If the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is-
    1. Zero
    2. =1
    3. >1
    4. <1
  7. Elasticity of demand indicates-
    1. Changes in quantity demanded
    2. Rate of change in Quantity demanded
    3. Change in prices
    4. Change in income
  8. The price elasticity of demand explains the relationship between-
    1. Income and demand
    2. Price and demand
    3. Utility and demand
    4. Price and utility
  9. From the following commodities which has the lowest elasticity of demand-
    1. Car
    2. Salt
    3. Tea
    4. House
  10. An increase in the price of a commodity when demand is inelastic causes the total expenditure of consumer of the commodity to-
    1. Increase
    2. Decrease
    3. Remain unchanged
    4. Any of the above.

MCQ Questions of CBSE Class 11 Microeconomics Chapter 6 – Price Elasticity of Demand

Answer Key

1 (b)2 (b)3 (c)4 (d)5 (a)
6 (d)7 (b)8 (b)9 (b)10 (a)

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yuvika

its nyc

Last edited 1 year ago by yuvika
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