Class 11 Economics (Statistics For Economics) Chapter 1 Introduction Quiz 9 (3 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What is competition?

Correct Answer: B) The struggle among producers for consumers' money.

2. Price of a product is determined by the relationship of the supply of a product and the demand for the product

Correct Answer: C) Law of supply & demand.

3. Find the mode of the numbers:2, 4, 6, 4, 8, 4, 2.

Correct Answer: C) 4.