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91.

Market demand for any good is a function of the

92.

If two commodities are jointly demanded they are

93.

Which is not the pair of compliment goods?

94.

Which of the following creates time utility?

95.

If the price of tea rises and that of coffee falls

A.	More tea will be bought	B.	More coffee will be bought
C.	More sugar will be bought	D.	More tea and less coffee will be bought
E.	Demand will depend upon the price difference

96.

Which of the following groups of economists find consumers sovereignty undesirable?

97.

If you want to use a red pen but mass production of only blue pens is undertaken, your inability to exercise your sovereignty is because of

98.

Which of the following depicts joint demand?

99.

Demand for electricity is elastic because

A.	It is very expensive	B.	It has number of close substitutes
C.	It has number of alternatives uses	D.	All of the above
E.	None of the above

100.

Price elasticity of demand is best defined as

A.	The change in the tastes of consumers at different prices	B.	The rate of response of demand to a change in supply
C.	The change in costs when output is increased by one unit	D.	The rate of response of demand to a change in price
E.	Being depended on whether the goods are a lusury or not