Economics Mcqs for Public Service Commission Exams

Economics Mcqs For Public Service Commission Exams 1. Income elasticity of demand for an inferior good is: a) Positive b) Zero c) Both (a) & (b) d) None of these 2. Convexity means averages are ______________ than extremes: a) Worse b) Positive c) Better d) None of these 3. Sum of MPC and MPS equals: …

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