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