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ECO 5

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Marks: 25

Q.   1

All of the following are determinants of demand except:

Q.   2

A movement along the demand curve for soft drinks is best described as

Q.   3

If the price of Pepsi decreases relative to the price of Coke and 7-UP, the demand for:

Q.   4

The price of hot dogs increases by 22% and the quantity of hot dogs demanded falls by 25%. This indicates that demand for hot dogs is: 

Q.   5

If the quantity demanded of mutton increases by 5% when the price of chicken increases by 20%, the cross-price elasticity of demand between mutton and chicken is 

Q.   6

Given the following four possibilities, which one results in an increase in total consumer expenditure?

Q.   7

Potato chips and popcorn are substitutes. A rise in the price of potato chips will ————— the demand for popcorn and the quantity of popcorn sold will ———————

Q.   8

If the price of orange Juice increases, the demand for apple Juice will _____________. 

Q.   9

An increase in the demand for computers, other things remaining same, will:

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