A) Joint demand B) Complementary demand C) Derived demand D) Competitive demand
A) Wealth B) Taxation C) Production cost D) Level of technology
A) None B) Joint supply C) Demand curve D) Supply curve
A) Same purpose B) None C) Two or more purpose D) As fairly close substitutes
A) The demand curve will shift to the right B) The demand curve will shift vertically C) The demand curve will shift horizontally D) The demand curve will shift to the left
A) Effective demand B) Effective supply C) Market supply D) Market demand
A) Negative and positive demand B) Individual and market demand C) None of the above D) Leftward and rightward demand
A) Reduction of production cost B) Improved infrastructure C) Consumer income remains constant D) Technological advancement
A) Supply schedule B) Demand schedule C) Demand curve D) Supply curve
A) Demand curve B) Supply curve C) Supply schedule D) Demand schedule
A) Weather B) Wants C) Choice D) Demand
A) None of the above B) Serves two or more purposes C) Produced using the same resources D) Is produced and supplied from one source
A) None of the above B) Individual demand schedule C) Market supply schedule D) Individual supply schedule
A) Composite supply B) Market supply C) Joint supply D) Competitive supply
A) Left B) Front C) Right D) Back
A) Composite demand B) Joint demand C) Derived demand D) Market demand
A) The higher the price, the higher the quantity supplied B) The lower the price , the higher the quantity demanded C) The higher the price, the lower the quantity supplied D) The higher the price, the lower the quantity demanded
A) Natural disasters B) Weather C) Complementary demand D) Taxation
A) Joint supply B) Joint demand C) Complementary supply D) Composite supply
A) Joint supply B) Competitive supply C) Composite supply D) Competitive demand
A) All of the above B) Articles of Necessity C) Rare commodities D) Articles of Ostentation
A) From the left to the right B) From the right to the left C) Horizontally D) None of the above
A) Abnormal demand B) None C) Normal demand D) Composite demand
A) Downward from the right to the left B) Upward from the left to the right C) Upward from the right to the left D) Downward from the left to the right
A) There is a downward shift in the demand curve B) There is an upward shift in the demand curve C) There is a rightward shift in the demand curve D) There is a leftward shift in the demand curve
A) Competitive supply B) Joint supply C) Composite supply D) Derived supply
A) A quantity of a good or service that consumers are willing and able to buy B) The income of consumers C) The price of a good or service D) The quantity of a good or service that producers are willing and able to supply
A) Change in price B) Change in income C) Change in population D) Change in consumer taste
A) Technology B) Cost of production C) Government policy D) Price
A) It shifts to the left B) It becomes steeper C) It shifts to the right D) It remains the same
A) Inferior good B) Normal good C) Complementary good D) Substitute good
A) Demand decreases B) Demand remains perfectly elastic C) Demand remains the same D) Demand increases
A) It becomes steeper B) It remains the same C) It shifts to the left D) It shifts to the right
A) Supply increases B) Supply remains the same C) None of the above D) Supply decreases
A) Price decreases, quantity increases B) Price decreases, quantity decreases C) Price increases, quantity decreases D) Price increases, quantity increases
A) Substitute good B) Inferior good C) Complementary good D) Normal good
A) Demand for labour to produce cars B) Demand for cars C) Demand for bread D) Demand for flour
A) Demand for a good that is perfectly elastic B) Demand for a good that is perfectly inelastic C) Demand for a good or service that is independent of other goods or services D) Demand for a good ro service that has multiple uses
A) Demand of milk for drinking B) Demand for cars C) Demand of milk for making cheese D) Demand for milk for both making and drinking cheese
A) As price decreases, quantity supplied remains the same B) As price increases, quantity supplied increases C) As price increases, quantity supplied decreases D) As price decreases, quantity supplied increases |