A. Supply is price elastic
B. Demand is price elastic
C. Supply is stable
D. Demand and supply are price inelastic
Agricultural prices tend to be unstable because ? Read More »
Economics Mcqs, Market A. There is excess equilibrium
B. There is excess supply
C. There is excess demand
D. There is equilibrium
If the price in a market is fixed by the government above equilibrium ? Read More »
Economics Mcqs, Market A. The social marginal costs are higher than the private marginals costs
B. A product is not provided in the free market
C. The social marginal cost equal the social marginal benefit
D. The social marginal benefits are higher than the private marginal benefits
A positive externality occurs when ? Read More »
Economics Mcqs, Market A. Judicial economic statement
B. Positive economic statement
C. Formative economic statement
D. Normative economic statement
A. increase equilibrium price and quantity
B. Decrease equilibrium price and quantity
C. Increase equilibrium price and decrease quantity
D. Decrease equilibrium price and increase quantity
A decrease in demand for a products should ? Read More »
Economics Mcqs, Market A. The price elasticity of supply is + 3
B. The price elasticity of supply is + 0.2
C. The price elasticity of supply is + 2
D. The price elasticity of supply is infinity
A shift in demand will have more effect on price than quantity if ? Read More »
Economics Mcqs, Market A. Signal
B. Incentive
C. Rationing device
D. Indicator of income
The price mechanism does not act as a ? Read More »
Economics Mcqs, Market A. Act as a signal
B. Act as a incentive
C. Act as a rationing device
D. shift the demand curve
The price mechanism cannot ? Read More »
Economics Mcqs, Market A. Shifts the supply curve
B. shifts the demand curve
C. Leads to a contractions in supply
D. Leads to an extension of supply
A subsidy paid to producers ? Read More »
Economics Mcqs, Market A. Excess supply
B. Excess demand
C. Equilibrium
D. Downward pressure on prices
If the price was fixed below the equilibrium price there would be ? Read More »
Economics Mcqs, Market