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