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According to Marshall, the basis of consumer surplus is, multiple choice questions and answers on business economics, [A] as the product's price falls, consumers buy less of the good, [B] there is a direct relationship between price and quantity demanded, [C] as a product's price rises, consumers buy less of other goods, [D] there is an inverse relationship between price and quantity demanded, [B] government ownership of capital goods, [A] To ensure economic progress of the people, [C] To satisfy unlimited wants with limited means, [D] To mobilize resources and to use them. 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Answers for Multiple Choice Questions 1 (c) 2 (a) 3 (a) 4 (c) 5 (c) 6 (b) 7 (d) 8 (c) 9 (b) 10 (b) 11(a) 12(b) 13(d) 14(d) 15(a) 16(c) 17(b) 18(d) 19(d) 20(c) Chapter-2 PRINCIPLES OF MANAGERIAL ECONOMICS Multiple Choice Questions 1 The word that comes from the Greek word for “one who manages a household is a. Question 1 . Macmillan New Delhi. Market. If you have already studied the business economics notes, then its time to move ahead and go through previous year business economics question paper. Download latest questions with multiple choice answers for Class 12 Business Studies in pdf free or read online in online reader free. Household Behaviour. [B] Teaching teacher in the school. 1. COM Economics Job Interview Preparation Guide. Economics and Business (EBC1009) Academisch jaar. More Topics. Series 1. 2016/2017. Explain the concept of price, income, cross elasticity of demand. 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Business economics study material includes business economics notes, business economics book, courses, case study, syllabus, question paper, MCQ, questions and answers and available in business economics pdf form. Question 1 . Pricing in different Market Structures: Market, Types, Structures, Features, Price determination (long run and short run) in Perfect Competition, Monopoly, Monopolistic and Oligopoly markets, pricing strategies. When filing a tort against a business, the plaintiff must establish that the defendant . A. damaged property intentionally. Business Economics Notes can be downloaded in business economics pdf from the below article. The answers to these questions depend on a country’s economic system—the means by which a society (households, businesses, and government) makes decisions about allocating resources to produce products and about distributing those products. “An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist— (A) Adam Smith (B) Marshall (C) Robbins (D) None of above Ans : (A-Adam Smith) 2. If you have already studied the business economics notes, then its time to move ahead and go through previous year business economics question paper. 1. A Modern Micro Economics. Comprehensive and up-to-date question bank of mutiple choice objective practice questions and answers on Economics for Competitive Exams. Economics question and answer was published in 2017. 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