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