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