If demand curve for camping tents is D = 100000-17P and the supply curve is S = 50000 + 8P, find the equilibrium price?

• 1000

• 2000

• 4000

• 500

Value of total Goods and Services produced in a country is its

• Gross Domestic Product

• Gross Revenue Income

• Total Goods Revenue

• Total Income

Lowering of value of currency relative to a foreign reference currency is called ........

• Devaluation

• Revaluation

• Down valuation

• Negative valuation

A company faces a -2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%. it must lower its price by

• 3.50%

• 15%

• 2.50%

• 2.40%

In 2015 the nominal rate of interest in country was 6% and the inflation rate then was 1.5%. So real rate of interest in 2015 was

• 7.50%

• 4.50%

• 4%

• 0.25%

The goods which people consume more, when their price rises, are called.........

• Essential goods

• Capital goods

• Veblen goods

• Giffen goods

Who coined the term 'Ecology'?

• Ernst Haeckel

• G. Evelyn Hutchinson

• Hugo de Vries

• Robert Brown

When will demand become a grant?

• When a demand is proposed

• After the discussion on demand is over

• After the demand is granted

• After the demand is granted

When will demand become a grant?

• When a demand is proposed

• After the discussion on demand is over

• After the demand is granted

• After the demand is granted

When income increases, consumption also increases

• in the same proportion

• in a lower proportion

• in a higher proportion

• in a higher proportion