Matching Type MCQs of Elasticity of Demand Microeconomics class 11

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Looking for important Matching Type MCQs of Elasticity of Demand chapter with answers and solutions of Microeconomics class 11 CBSE Board, ISC, and State Board.

We have compiled a good list of Matching Type Multiple Choice Questions with answers of Elasticity of Demand of class 11th microeconomics

Matching Type Multiple Choice Questions of Elasticity of Demand chapter with solutions of Microeconomics class 11th CBSE

Let’s Practice

From the set of statements given in Column I and Column II, choose the correct pair of statements:

Column – IColumn – II
A – Inelastic demandi) Demand curve is flatter
B – Perfectly Elastic Demandii) Demand curve is a vertical straight line parallel to Y-axis
C – Highly Elastic Demandiii) Demand curve is steeper
D – Perfectly Inelastic Demandiv) No change in demand with change in price

Options

a) A – i
b) B – ii
c) C – iii
d) D – iv

Ans – d)

Match the statements given under A with the correct options given under B.

Column – IColumn – II
i) Unitary Elastic DemandA – Demand curve is a rectangular hyperbola
B – Demand curve is flatter

Options

a) i – A
b) i – B

Ans – a)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Elastic DemandA – Expensive Goods
ii) Inelastic DemandB – Inexpensive Goods

Options

a) i – A, ii – B
b) i – B, ii – A

ans – a)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) Highly Elastic DemandA – Less Elastic Demand
ii) Inexpensive GoodsB – ∆Q/∆P × P/Q
iii) Perfectly Inelastic demandC – Horizontal straight line parallel to X-axis
iv) Flatter Demand curveD – % Change in Demand > % Change in Price
v) Perfectly Elastic DemandE – Highly Elastic
vi) Proportionate MethodF – Quantity Demanded does not change with change in price

Options

a) i – D, ii – A, iii – F, iv – E, v – C, vi – B
b) i – A, ii – B, iii – C, iv – D, v – E, vi – F
c) i – B, ii – A, iii – C, iv – E, v – D, vi – F
d) i – C, ii – B, iii – D, iv – B, v – F, vi – A

Ans – a)

Match the statements given under A with the correct options given under B.

Column – IColumn – II
i) Rise in Price – 3%, Fall in Demand = 6%A – Price Elasticity of Demand = (-) 0.2
ii) Rise in Price = 8%, Fall in Demand = 4%B – Price Elasticity of Demand = (-) 2
C – Price Elasticity of Demand = (-) 5
D – Price Elasticity of Demand = (-) 0.5

Options

a) i – B, ii – D
b) i – A, ii – B
c) i – C, ii – A
d) i – D, ii – B

Ans – a)

Match the statements given under A with the correct options given under B.

Column – AColumn – B
i) When it is not possible to postpone consumptionA – Demand is Highly Elastic
ii) When large number of substitutes are availableB – Demand is Perfectly Elastic
C – Demand is Less Elastic

Options

a) i – A, ii – B
b) i – C, ii – A
c) i – B, ii – A
d) i – A, ii – C

Ans – b)

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