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