Elasticity of Demand in Economics MCQs 271 to 275



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Elasticity of Demand in Economics MCQs

  1. Whose words are these? “We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a price of paper as whether value is governed by utility or cost of production”.
  2. Who introduced the concept of “Elasticity of Demand into Economic Theory”?
  3. Thought the concept of consumers’ surplus can be traced back to the French engineer economist Dupuit, it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.
  4. Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge?
  5. Which one among the following does not match?

Quiz with Answers

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Economics 271-275

Which one among the following does not match?

Thought the concept of consumers’ surplus can be traced back to the French engineer economist Dupuit, it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.

Who introduced the concept of “Elasticity of Demand into Economic Theory”?

Whose words are these? “We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a price of paper as whether value is governed by utility or cost of production”.

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Elasticity of Demand in Economics MCQs

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