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