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