Home > General Studies (Hindi) > Quizzes > Consumers Equilibrium and Demand (MCQs)
Consumers Equilibrium and Demand (MCQs)
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 32% • Most missed: “In the context of producer's equilibrium which one is wrong”
Consumers Equilibrium and Demand (MCQs)
Time left 00:00
25 Questions

1. Per unit production of the variable factor is called
2. The graphic presentation of a table showing price and demand relationship for a commodity in the market is called
3. If two goods are complementary then rise in the price of one results in
4. Under perfect competition, for the producer to be in equilibrium
5. Which one of the following leads to the law of variable proportions ?
6. If the consumer consume only one commodity - X' he will be in equilibrium when : [Here, MUx= Marginal utility of the good X (in terms of money); Px= Price of good - X]
7. Budget line indicates
8. As a result of rise in consumer's income , demand curve for coarse grain (inferior good)
9. In case of normal goods, demand curve shows
10. Which of the following equations is correct ?
11. When percentage change in demand is less than percentage change in price, demand is:
12. Marginal utility of a particular commodity at the point of saturation is
13. What will be the state of total output when marginal product turns negative?
14. Which of the following equations is incorrect ?
15. Inferior goods are those whose income effect is
16. When percentage change in demand is more than percentage change in price, demand is:
17. When total utility is maximum, marginal utility becomes
18. When more and more units of a variable factor are combined with the fixed factor, the resulting law is called
19. In case of Giffen's Paradox the slope of demand curve is
20. What will be the condition of total utility when marginal utility stays positive ?
21. Given the fact that MRS between goods X and Y is diminishing , IC is:
22. When demand curve is parallel to X-axis, elasticity of demand is
23. Law of Diminishing Marginal Utility states that when more and more units of a commodity ate consumed, marginal utility:
24. Law of demand must fall in case of
25. When average product (output) increase, marginal product is

⚡ Recently practiced quizzes in this topic
Live quiz activity
Objective GS (General Studies) in हिन्दी - Indian States & The Company Rajasthan GK Hindi - Fairs & Festivals Objective GS (General Studies) in हिन्दी - Indian Polity - Historical Background of Constitution Objective GS (General Studies) in हिन्दी - Indian Polity - Judiciary Rajasthan GK Hindi - Culture Objective GS in Hindi - General Geography - Air Pressure, Humidity & Air Movement Rajasthan GK Hindi - Energy Rajasthan GK Hindi - Tourism Rajasthan GK Hindi - Rajasthan Introduction Rajasthan GK Hindi - Rivers & Lakes
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.