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Friday, 03 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3461:
Increase in supply due to changes in plant size will take place only in the
  • A Normal time
  • B Long run
  • C Market period
  • D Short run
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Question 3462:
The long - run average cost curve is made up of several short-run
  • A Marginal and average cost curves
  • B Average cost curves
  • C Average variable cost curves
  • D Average variable and total cost curves
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Question 3463:
Co-operative societies formed to market the output of their members are called
  • A Consumers' co-operative societies
  • B Marketing co-operative societies
  • C Credit and thrift co-operative societies
  • D Producers' co-operative societies
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Question 3464:
Money will serve as a standard of deferred payment if it is
  • A Homogeneous
  • B Durable
  • C Easily recognized
  • D Stable in value
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Question 3465:
Due to an increase in price, a seller increases the quantity offered for sale from 400 units. What is the percentage change in quantity supplied?
  • A 1 %
  • B 7.5%
  • C 12.5%
  • D 20%
View Answer & Explanation