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