a2zinterviews

6.	The time element in price analysis was introduced by ______
	A.  J.S. Mill
	B.  Alfred Marshall
	C.  J.M. Keynes
	D.  J.R. Hicks

7.	_____ means using up of goods and services in the satisfaction of human wants.
	A.  Demand
	B.  Consumption
	C.  Utility
	D.  Production

8.	Utility is a ______
	A.  Scientific concept
	B.  Subjective/ psychological concept
	C.  Political concept
	D.  Social concept

9.	At ____ point the quantity demanded of commodity by the buyer is equivalent to the quantity the seller is willing to sell.
	A.  Above normal
	B.  Equilibrium
	C.  Below normal
	D.  Above or below normal

10.	Production refers to _____
	A.  Exchange value
	B.  Destruction of utility
	C.  Creation of utilities
	D.  None of these