Economics Online Test

The Price elasticity of demand for necessities is always:


The Scale of Production is determined by:


The reward of an entrepreneur is known as :


The Law of Diminishing Returns is also known as the Law of:


Total Cost is equal to:


Market is an area where:


Equilibrium price is determined by:


A Supply curve usually slopes from:


When Total utility is maximum, the Marginal utility is:


The Land as a factor of Production has characteristic(s) of:


Which is a non-economic activity:


“Economics is the Science of Material Welfare” is said by:














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'Economics, Microeconomics,Economics, Consumption, Indifference Curves, Indifference Map, Marginal Rate of Substitution, Properties of Indifference Curves, Price Line and Consumer’s Equilibrium'

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Economics

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