Classical

Business Economics - Business Economics MCQ

1:  

The kinked demand curve explains

A.

Price rigidity

B.

Price flexibility

C.

Demand rigidity

D.

Demand flexibility

 
 

Option: A

Explanation :


2:  

Imperfect competition was introduced by

A.

Marshall

B.

Chamberlin

C.

Keynes

D.

None

 
 

Option: B

Explanation :


3:  

A situation in which the number of  competing firms is relatively small is known as

A.

Monopoly

B.

Perfect competition

C.

Monopsony

D.

Oligopoly

 
 

Option: D

Explanation :


4:  

Demand is a function of

A.

Price

B.

Firm

C.

Product 

D.

Cost

 
 

Option: A

Explanation :


5:  

The term group equilibrium is related to

A.

Monopolistic competition

B.

Oligopoly

C.

Duopoly

D.

Perfect competition

 
 

Option: A

Explanation :




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  • This section contain multiple choice questions answers on business economics.
  • Business Economics mcq can also be used in the preparation of ugc net exams.
  • Business Economics objective type questions answers can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com  and Mcom
  • These questions answers can also be used by management students for improving their knowledge in business economics.
  • These multiple choice questions answers can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in Business Economics.
  • This section can be used for the preparation of quizzes by any commerce student.