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