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