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