A) all the above B) a mere desire not backed by ability and willingness C) a mere demand D) a list of need
A) None of the above B) backed by the ability to pay C) backed by want D) backed by desire
A) Supply B) Total production C) Effective demand
A) all things being equal, the higher the price, the lower the quantity demanded and vice versa B) the higher the price,the higher the demand C) the lower the price, the lower the quantity supplied
A) Alferd Marshal B) Adam Smith C) John Stuart D) A.C Pigou
A) True B) Incorrect C) Partially D) False
A) It adopts philosophical method B) It adopts scientific methods C) It adopts humanity method D) It adopts socialist methods
A) None of the above B) abundance supply of goods C) limited supply of resources D) unlimited supply of resources
A) three B) five C) four D) six
A) Want B) Scale of preference C) Choice D) Opportunity cost
A) two B) four C) six D) Three
A) effective demand B) abnormal demand C) normal demand D) ineffective demand
A) future expectation B) articles of necessity C) articles of ostentation D) all of the above
A) seven B) five C) two D) three
A) false B) true
A) price of the commodity B) Price of other services C) price of other goods
A) false B) true C) partially
A) price B) cost of the production C) number of producers D) taxation
A) Competitive demand B) Composite supply C) Joint demand
A) inferior or giffen goods B) superior or giffen goods C) substandard goods D) real goods |