Economics GK Quiz

Q121. Which law assumes "Other things remaining constant"
(a) Price theory
(b) Demand theory
(c) Supply theory
(d) Cost theory

Q122. Number of types of elasticity demand is
(a) Two
(b) Three
(c) Four
(d) Five

Q123. The concept of functional finance was first stated by
(a) J.M. Keynes
(b) A.P. Lerner
(c) Prof. Hansen
(d) L.G. Reynold

Q124. The concept of consumers surplus was first formulated by
(a) Marshall
(b) Keynes
(c) Robertson
(d) Dupuit

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