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UGC NET Commerce || Economics

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Question 1

The production function is based on which combination of the main characteristics of the inputs from the following:

I. Substitutability

II. Complementarity

III. Flexibility

IV. Specificity

Choose the correct answer from the code given below:

Question 2

The inverse relationship between the variation in the price and the variation in the quantity demanded is not due to

Question 3

Which one of the following demands states consumers are adequately buying all the products put into the marketplace?

Question 4

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below:

Assertion (A): Purchase decisions are not based on how customers perceive prices but on the marketer’s stated price.

Reason (R): Customers may have a lower price threshold, below which prices signal inferior or unacceptable quality and an upper price threshold where the product appears not worth the money.

Code:

Question 5

The monopoly involves a social cost mainly due to its emphasis on which one of the following?
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Nov 27UGC NET & SET

Posted by:

Tanuj BansalTanuj BansalMember since Aug 2019
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