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