A) Less than the equilibrium supply B) Greater than equilibrium supply C) . The same as equilibrium supply D) Determined later by government E) None of these
A) while it is fairly easy to control producers and importing firms, smaller distributors are too many to be controlled B) control cannot work under military rule C) too many things are produced in the country D) the population is too large
A) composite demand B) competitive demand C) cross-elasticity of demand D) Joint demand
A) scarcity B) wants C) capital D) resources
A) application of human effort B) acts of nature C) use of machines D) application of fertilizer
A) price mechanisms B) state planning committee. C) government department D) trade union
A) he has consumed all he wants B) the market is also in equilibrium C) he maximizes his satisfaction from spending his income D) his market Supply is equal to his market demand
A) joint supply B) composite supply C) market Supply D) competitive supply
A) competitive supply B) composite supply C) joint demand D) joint supply
A) more is sold at the same price B) there is a leftward shift of the supply curve C) there is a movement along the supply curve D) more is sold at different prices
A) . Helps in the utilization of scarce resources B) Restores equilibrium between producers and consumers C) Helps producers to know what to produce D) Enables individuals to satisfy all their wants
A) Dress and Jewelry B) Jewelry C) Dress D) Handbag and Jewelry.
A) Management. B) Control. C) Risk-bearing. D) Planning
A) Retailers only. B) A government distribution agencies C) A central planning committee D) The operation of price mechanism.
A) . Arrange the data in either ascending or descending order and find what item divides the set in two equal parts. B) Arrange the data in descending order and add each item to the least. C) Arrange the data in ascending order and subtract each item from the mean. D) Sum the value and divide by the number of items.
A) Farmer's incomes to be more than doubled B) Price to fall substantially. C) Price to increase substantially. D) Demand to fall substantially.
A) Demand for commodity X will decrease B) Price of commodity X will increase C) Supply of both commodity X and its substitute will increase. D) Demand for the substitute of commodity X will decrease
A) A favourable weather condition. B) An increase in the price of the commodity C) A reduction in the cost of raw materials. D) An improvement in innovation and technology.
A) Inelastic. B) Unitary elastic. C) Perfectly inelastic. D) Fairly elastic.
A) An increase in quantity supplied B) A decrease in quantity supplied C) A decrease in supply D) An increase in supply.
A) Fixing minimum prices B) Fixing maximum prices. C) Increasing taxes on inputs. D) Encouraging them to produce surplus output.
A) $15.00 B) $150.03 C) $1.50 D) $166.67
A) shortage in the in market B) surplus in the market C) black market to come into operation D) rationing to be introduced
A) market Supply B) composite supply C) competitive supply D) joint supply
A) 0.50 B) 1.50 C) 2.00 D) 1.00
A) the size of the population B) income distribution C) taste and fashion D) price of the commodity
A) is horizontal B) slopes upward C) Is vertical D) slopes downward
A) unitory supply B) composite supply C) market supply D) competitive supply
A) the market will be cleared in the short-run B) market surplus occurs C) government regulation is no longer needed D) excess demand occurs
A) low level of technology B) increase in the export of goods C) excessive demand for the product D) excess supply of labour |