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Social Science The Price Puzzle: What Drives the Market Class 9 MCQ and Assertion Questions

Short Quiz · Class 9 · Social Science · CBSE

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Chapter 9 - The Price Puzzle: What Drives the Market | 5 questions | about 4 minutes

Practise The Price Puzzle: What Drives the Market Class 9 with Teachoo's Short Quiz (Class 9 · Social Science · CBSE). Practise these questions in a free interactive quiz with answer feedback.

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Question 1 of 5
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Question 1 of 5

Assertion (A): Assertion (A): The demand curve for mangoes slopes downward.

Reason (R): Reason (R): As the price of mangoes falls, buyers purchase a larger quantity.

Select an option to see the answer, or skip this question.
Question 2 of 5
A population with more elderly people typically has higher demand for which kind of shoes, according to the chapter?
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Question 3 of 5

Assertion (A): Assertion (A): Srivalli has no demand for an iPhone.

Reason (R): Reason (R): Srivalli does not want to own an iPhone at all.

Select an option to see the answer, or skip this question.
Question 4 of 5
Match each example in Column I with the determinant of demand it illustrates in Column II.

Column I
(i) Salary rises, so more apples are bought
(ii) Sweaters sell well only in winter
(iii) Coffee price rises, so tea is bought more
(iv) People buy gold now, expecting a price rise

Column II
(P) Future price expectations
(Q) Income
(R) Price of related goods (substitutes)
(S) Seasonality
Select an option to see the answer, or skip this question.
Question 5 of 5
A flight ticket to Goa booked 3 months in advance costs Rs 5,000. The same ticket booked 1 day before departure costs Rs 8,000. What explains the higher price 1 day before?
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