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