Economic MCQ Questions with answers

91) Government will have sole right of producing and selling some goods, they are called ___ monopoly.

92) The supply curve in the long run is

93) ____ market assumes absence of transport cost.

94) When demand and supply conditions are influenced at the international level, such market is called

95) In ____ period, supply fully meets the new demand conditions.

96) When marginal utility falls to zero then the total utility is _____

97) The degree of response of demand to change in price is _____

98) Choice are made due to _____

99) _____ is the major determinant of supply.

100) _____ wages depend mainly on the purchasing power of money.