Microeconomics Online Test

A Demand Curve is price inelastic when:

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

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

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

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

An indifference curve is:

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

If consumer incomes increase, the demand for product Y:

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

A person with a diminishing marginal utility of income:


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

2712 days 22 hours 20 minutes ago

suneel kumar
Looking To Learn English for ILETS & GMAT

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