PU COM 2026 Demand Free Quiz 1

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PU COM 2026 Demand Free Quiz 1

PU COM Quiz

10:00

Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What does the law of demand state?

A. Price and demand move in the same direction B. Price has no effect on demand C. Price and quantity demanded move in opposite directions D. Demand is always constant

2. What is a demand schedule?

A. A table showing quantity demanded at different prices B. A graph showing demand C. A law of demand D. A theory of consumption

3. What is a demand curve?

A. A table of demand B. A law of demand C. A type of supply D. A graphical representation

4. What causes a change in quantity demanded?

A. Change in income B. Change in price of the good C. Change in consumer preferences D. Change in population

5. What does elasticity of demand measure?

A. Total demand B. Price of goods C. Responsiveness to price change D. Supply of goods

6. How is price elasticity of demand calculated?

A. % Change in quantity demanded ÷ % Change in price B. % Change in price ÷ % Change in quantity demanded C. Change in price × Change in demand D. Total demand ÷ Total price

7. What is an inferior good?

A. A good of low quality B. A good with low demand C. A good with high demand D. A good whose demand increases when income decreases

8. What is a normal good?

A. A good of average quality B. A good whose demand increases with income C. A good with constant demand D. A good with decreasing demand

9. What are substitute goods?

A. Goods used together B. Goods that are unrelated C. Goods that can replace each other D. Goods that are complementary

10. What are complementary goods?

A. Goods used together B. Goods that replace each other C. Goods that are unrelated D. Goods that are competitive

📋 PU COM - Test Online Practice Quizzes

Punjab University Entry Test PU-COM

Conducting Body: University of The Punjab (PU)

Frequency: Bi-Annual | Time: 80 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 100 MCQs):

English: 20 MCQs
Accounting: 20 MCQs
Economics: 20 MCQs
Quantitative Reasoning: 20 MCQs

Merit Formula: Merit Formula: Intermediat 50% Matric 25% PU M Entry Test 25%

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