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