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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3666:
if the price of commodity X rises and consumers shift to commodity Y, then commodity X and Y are?
  • A Substitutes
  • B Complements
  • C Inferior goods
  • D Bought goods
View Answer & Explanation
Question 3667:
goods whose demand vary directly with money income are called?
  • A Inferior goods
  • B Complementary goods
  • C Substitutes
  • D Normal goods
View Answer & Explanation
Question 3668:
an exceptional demand curve can result from?
  • A Increase in prices of raw materials
  • B Increase in the size of the population
  • C Expectation of future price increase
  • D Change in taste of the consumer
View Answer & Explanation
Question 3669:
palm oil and palm kernel are in?
  • A Joint supply
  • B Competitive demand
  • C Competitive supply
  • D Complementary demand
View Answer & Explanation
Question 3670:
which of the following is true about supply of land?
  • A Its higher in the urban than rural areas
  • B Varies with time
  • C Rises with demand
  • D Is fixed
View Answer & Explanation