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Thursday, 02 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4846:
If population doubles while national income remains constant:
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  • A Per capita income rises
  • B Inflation becomes negative
  • C GDP doubles immediately
  • D Per capita income falls
View Answer & Explanation
Question 4847:
Demand for salt is usually:
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  • A Perfectly elastic
  • B Inelastic
  • C Perfectly elastic supply
  • D Unit elastic
View Answer & Explanation
Question 4848:
Elastic supply is common when:
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  • A Producers can increase output easily
  • B Goods perish immediately
  • C Production takes many years
  • D Supply cannot change
View Answer & Explanation
Question 4849:
Demand is said to be elastic when:
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  • A Supply changes more than demand
  • B Quantity demanded remains completely fixed
  • C Quantity demanded changes greatly with price
  • D Price changes without affecting demand
View Answer & Explanation
Question 4850:
Which factor income goes to capital owners?
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  • A Profit earned annually
  • B Rent received monthly
  • C Interest earned regularly
  • D Wages paid weekly
View Answer & Explanation

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