SET Economics Question Paper

Can you provide the question paper of SET Economics?

[Kiran Chandar]

Few questions of SET Economics are given below which you are looking for
The subject matter of price theory is
A) Behaviour of industry’s decision making
B) Economic behaviour of the entire country
C) Economic behaviour of individual decision making units
D) Behaviour of all decision making units taken together

Hicksian substitution effect refers to
A) The change in the quantity demanded of a commodity resulting from a change in its price, while holding real income constant by keeping the consumer on the same indifference curve before and after the price change
B) The change in the quantity supplied of a commodity resulting from a change in its price, while holding real income constant by keeping the consumer on the same indifference curve
C) The change in the quantity demanded of a commodity from a change in its price, while holding absolute income constant by keeping the consumer on the same indifference curve before and after price change
D) The change in the quantity demanded of a commodity resulting from a change in its price, while holding income constant by keeping the consumer on the same indifference curve before and after the price change

The Engel curve shows
A) The amount of a commodity that the consumer would purchase per unit of time at various levels of total income
B) The amount of a commodity that the consumer would sell at a given level of income C) The amount of consumer durables that the consumer would purchase per unit of time at various levels of total income
D) The amount of consumer non durables that the consumer would purchase per unit of time at various levels of income

Transitivity assumption in Revealed Preference theorem states that
A) If the consumer is observed to prefer basket A to B, then this consumer will never prefer B to A
B) The consumer can be induced to purchase any basket of goods
C) If A is preferred to B, and B to C, then A is preferred to C
D) A consumer’s preferences can be inferred

The Learning Curve is
A) Positively sloped
B) Negatively sloped and convex to the origin
C) Right angled
D) A horizontal straight line parallel to X axis







For more questions,here I am giving attachment