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