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