Matching Type MCQs of supply Microeconomics class 11
Looking for important matching type MCQs of supply chapter with answers of Microeconomics class 11 CBSE, ISC, and state Board.
From the set of statements given in Column I and Column III, choose the correct pair of statements:
| Column – A | Column – B |
| A) Decrease in supply | i) Rightwards Shift in Supply Curve |
| B) Contraction in Supply | ii) Downward movement along the supply curve |
| C) Increase in Supply | iii) Leftward shift in supply curve |
| D) Expansion in Supply | iv) Quantity supplied rises due to decrease in price |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Slope of Supply Curve | A – Change in Quantity (∆Q)/Change in Price (∆P) |
| B – Change in Price (∆P)/Change in Quantity (∆Q) |
Options
a) i – A
b) i – B
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Change in Quantity Supplied | A) When supply for the given commodity changes due to factors other than price. |
| ii) Change in Supply | B) When supply of the given commodity changes due to change in its own price |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Stock | A – Upward Movement |
| ii) Increase in Supply | B – Total Quantity available at a particular point of time |
| iii) Expnasion in Supply | C – States direct relationship between price and quantity supplied, ceteris paribus |
| iv) Law of supply | D – Supply rises at the same price |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – D, iii – A, iv – C
c) i – C, ii – D, iii – A, iv – B
d) i – D, ii – C, iii – B, iv – A
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Decrease in Supply | A) Decrease in Quantity Supplied |
| ii) Movement along Supply Curve | B) Straight line passing through the origin |
| iii) Fall in price of factors of production | C) Supply remains same even at higher price |
| iv) | D) Change in Quantity Supplied |
| E) Rightward shift in the supply curve |
Options
a) i – A, ii – B, iii – C, iv – D, v – E
b) i – B, ii – C, iii – B, iv – A, v – E
c) i – C, ii – B, iii – A, iv – E, v – D
d) i – C, ii – D, iii – E, iv – A, v – B
Ans – d)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Es > 1 | A) Supply curve has an intercept on the X-axis |
| ii) Es < 1 | B) Supply curve is a horizontal straight line |
| iii) Es = 1 | C) Supply curve has an intercept on the Y-axis |
| D) Supply curve passes through the origin |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – C, iii – A
c) i – C, ii – A, iii – D
d) i – B, ii – A, iii – C
Ans – c)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) % Change in Supply > % Change in Price | A) Highly Elastic Supply |
| ii) % Change in Supply = % Change in Price | B) Perfectly Elastic Supply |
| C) Less Elastic Supply | |
| D) Unitary Elastic Supply |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – A, ii – D
d) i – C, ii – A
Ans – c)
