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Economics National Income MCQs -CSEET - ARTHA CS
Web1. According to _____________, other things being equal, if price of commodity falls, the quantity demanded of it will rise, and if price of commodity rises, its quantity will decline. a) Law of Demand b) Law of Supply c) Law of Diminishing Marginal Utility d) Law of Increasing Marginal Utility 2. When a small change in price of a product causes a major change in … WebSep 15, 2024 · Explanation: There are 3 methods used for calculating national income namely; Income method, expenditure method, and Product method. The diminishing cost method is not a method to calculate national income. ... Next: Economics MCQ CSEET Set 1 Next. Featured. Don’t underestimate the lorem ipsum dolor amet. Industry October 20, … freakling bros horror shows las vegas
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