Microeconomics Online Test

A person with a diminishing marginal utility of income:

We know that the demand for a product is elastic if:

If consumer incomes increase, the demand for product Y:

Due to capacity constraints, the price elasticity of supply for most products is:

An indifference curve is:

If a sales tax on beer leads to reduced tax revenue, this means:

The numerical measurement of a consumer's preference is called:

It is expected that the sign of cross elasticity between two complementary goods would be:

It is expected that the sign of cross elasticity between two substitute goods would be:

A Demand Curve is price inelastic when:


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


Muhammad Daud Mhaesar

what is economics

2508 days 2 hours 56 minutes ago

suneel kumar
Looking To Learn English for ILETS & GMAT

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