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