Assertion Reason MCQs of Elasticity of Demand Microeconomics class 11
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We have compiled a good collection of Assertion Reason Multiple Choice Questions with answers of Elasticity of Demand of class 11th Microeconomics
Assertion Reason Multiple Choice Questions of Elasticity of Demand of Microeconomics class 11th CBSE
Let’s Practice
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The degree of price elasticity is less than one in the case of inelastic demand.
Reason (R): Proportionate change in demand is less than proportionate change in price.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – a)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Price Elasticity is infinity in the case of a horizontal straight-line demand curve.
Reason (R): Demand is more elastic in case of the long period as compared to a short period.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – b)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Luxury goods often have a high price elasticity of demand.
Reason (R): When the price of luxury goods increase, then their demand falls considerably as they are put to urgent uses only.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – c)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Elasticity of Demand is a unit-free measure.
Reason (R): Price Elasticity of Demand is not affected by absolute change in demand or price.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – b)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): On a straight line downward sloping demand curve, the elasticity of demand below the midpoint of the demand curve is more than one.
Reason (R): On a linear demand curve, the elasticity of demand varies from Zero to infinity.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – d)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): A commodity that can be put to several uses, is price inelastic.
Reason (R): As the price falls, the number of buyers increases in the market.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – d)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The degree of price elasticity is less than one in the case of inelastic demand.
Reason (R): Proportionate change in demand is less than proportionate change in price.
Options
a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A).
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A).
c) Assertion (A) is true but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – a)
