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