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