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2019 A/L Economics – Past Paper MCQ 05 – Consumer Theory | TutorOn LK
Question: The Table below shows substitution and income effects of a price change of good…
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2019 A/L Economics – Past Paper MCQ 06 – Supply Theory | TutorOn LK
Question: Which of the following would shift the supply curve of a good to the…
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2019 A/L Economics – Past Paper MCQ 07 – Consumer Theory | TutorOn LK
Question: If the demand for public transport service decreases when a person’s income increases, then…
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2019 A/L Economics – Past Paper MCQ 08 – Demand Theory | TutorOn LK
Question: Change in market equilibrium quantity from point A to point B [downward along the…
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2019 A/L Economics – Past Paper MCQ 09 – Welfare Economics | TutorOn LK
Question: Assume a competitive market is in equilibrium at Rs. 100. Assume the market supply…
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2019 A/L Economics – Past Paper MCQ 10 – Market Equilibrium | TutorOn LK
Question: The market equilibrium price could rise from P1 to P2 if (1) consumers’ incomes…
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2019 A/L Economics – Past Paper MCQ 11 – Consumer Surplus | TutorOn LK
Question: Internet at first was no charge (P=0, Q=600). Later, institute decided to charge Rs.…
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2019 A/L Economics – Past Paper MCQ 12 – Taxation | TutorOn LK
Question: [Table Data] Qd is 650 at all prices. Qs_before is 650 at P=75. Qs_after…
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2019 A/L Economics – Past Paper MCQ 13 – Subsidies | TutorOn LK
Question: If the government grants a per unit subsidy to the producers of this agricultural…
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2019 A/L Economics – Past Paper MCQ 14 – Price Controls | TutorOn LK
Question: Setting an effective price floor would (1) increase consumer surplus and producer surplus. (2)…