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