A) all the above B) a mere desire not backed by ability and willingness C) a mere demand D) a list of need
A) None of the above B) backed by the ability to pay C) backed by want D) backed by desire
A) Effective demand B) Total production C) Supply
A) all things being equal, the higher the price, the lower the quantity demanded and vice versa B) the lower the price, the lower the quantity supplied C) the higher the price,the higher the demand
A) John Stuart B) Adam Smith C) Alferd Marshal D) A.C Pigou
A) True B) Incorrect C) False D) Partially
A) It adopts philosophical method B) It adopts scientific methods C) It adopts humanity method D) It adopts socialist methods
A) unlimited supply of resources B) None of the above C) abundance supply of goods D) limited supply of resources
A) four B) three C) five D) six
A) Opportunity cost B) Choice C) Scale of preference D) Want
A) Three B) two C) six D) four
A) normal demand B) effective demand C) ineffective demand D) abnormal demand
A) articles of necessity B) all of the above C) future expectation D) articles of ostentation
A) seven B) five C) three D) two
A) false B) true
A) price of the commodity B) Price of other services C) price of other goods
A) true B) false C) partially
A) cost of the production B) number of producers C) taxation D) price
A) Joint demand B) Competitive demand C) Composite supply
A) substandard goods B) inferior or giffen goods C) superior or giffen goods D) real goods |