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