A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve
A. Status
B. Prestige
C. Utility
D. Self-esteem
Economics assumes that people consume goods and services to achieve ? Read More »
Economics Mcqs, Supply and Demand A. increase quantity demanded, reduce quantity demanded
B. increase quantity demanded, increases quantity demanded
C. reduce quantity demanded, reduce quantity demanded
D. reduce quantity demanded, increase quantity demanded
A. negative income elasticity income elasticity greater than 1
B. income elasticity greater than 1, negative income elasticities
C. Positive income elasticities, negative income elasticities
D. None of the above
Inferior goods have _________ and luxury goods have _________? Read More »
Economics Mcqs, Supply and Demand A. substitutes inferior
B. normal, complements
C. substitutes complements
D. normal, inferior
A. inelastic; increase
B. elastic; increase
C. elastic, decrease
D. none of the above
If demand is __________ then price cuts will _________ spending? Read More »
Economics Mcqs, Supply and Demand A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left
Increased levels of spending on imports ? Read More »
Economics Mcqs, Supply and Demand A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left
Increase unemployment benefits and less incentive to work would ? Read More »
Economics Mcqs, Supply and Demand A. increase consumption
B. increasing export revenue
C. increased taxation revenue
D. increased investment
Which of the following would decease aggregate demand ? Read More »
Economics Mcqs, Supply and Demand A. Aggregate supply is price inelastic
B. Aggregate supply is price elastic
C. Aggregate supply has a unitary price elasticity
D. Aggregate demand is price inelastic
An increase in aggregate demand will have most effect on prices if ? Read More »
Economics Mcqs, Supply and Demand