Matching Type MCQs of supply Microeconomics class 11

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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 – AColumn – B
A) Decrease in supplyi) Rightwards Shift in Supply Curve
B) Contraction in Supplyii) Downward movement along the supply curve
C) Increase in Supplyiii) Leftward shift in supply curve
D) Expansion in Supplyiv) 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 – AColumn – B
i) Slope of Supply CurveA – 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 – AColumn – B
i) Change in Quantity SuppliedA) When supply for the given commodity changes due to factors other than price.
ii) Change in SupplyB) 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 – AColumn – B
i) StockA – Upward Movement
ii) Increase in SupplyB – Total Quantity available at a particular point of time
iii) Expnasion in SupplyC – States direct relationship between price and quantity supplied, ceteris paribus
iv) Law of supplyD – 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 – AColumn – B
i) Decrease in SupplyA) Decrease in Quantity Supplied
ii) Movement along Supply CurveB) Straight line passing through the origin
iii) Fall in price of factors of productionC) 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 – AColumn – B
i) Es > 1A) Supply curve has an intercept on the X-axis
ii) Es < 1B) Supply curve is a horizontal straight line
iii) Es = 1C) 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 – AColumn – B
i) % Change in Supply > % Change in PriceA) Highly Elastic Supply
ii) % Change in Supply = % Change in PriceB) 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)

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Articles: 2015

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