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101.

A vertical demand curve for a commodity shows that demand is

102.

Demand for a commodity is elastic when

A.	Change in price causes greater change in its demand	B.	Change in price does not change its demand
C.	Change in National income causes change in demand	D.	Any of the above
E.	None of the above

103.

The elasticity of demand explains the relationship between

A.	Income and demand	B.	Price and demand
C.	Price of substitutes and demand	D.	Utility and demand
E.	Price of substitutes and utility

104.

Public goods are different from private goods because

A.	The government produces public goods, while private goods are produced by private persons	B.	Public goods are preferred to private goods
C.	The amount consumed by one does not affect the amount available for others	D.	Private goods can be consumed only by private individuals while public goods can be consumed by government and private citizens
E.	All of the above

105.

One of the essential conditions of perfect competition is

A.	Product differentiation	B.	Multiplicity of prices for identical product at any one time
C.	Many sellers and few buyers	D.	Many sellers and few sellers
E.	Only one price for identical goods at any one time

106.

Equilibrium exists between

107.

Which falls under the category of joint supply

108.

The approximate annual rate of growth of population in India is

109.

The average annual birth rate in India per 1000 is

110.

According to census the number of males per 1000 females in India is approximately