A. increase
B. not change
C. decrease
D. shift
A. Price elasticity of demand
B. Cross-price elasticity of demand
C. budget elasticity of demand
D. income elasticity of demand
A measurement showing how quantity demanded varies with income is the ? Read More »
Economics Mcqs, Supply and Demand A. The responsiveness of quantity demanded to a change in price
B. How far a demand curve shifts
C. a change in price
D. a change in quantity demanded
The price elasticity of demand measures ? 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 level consumption ? 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
Improved training of employees would ? Read More »
Economics Mcqs, Supply and Demand A. Increased saving
B. Increasing import spending
C. Increased taxation revenue
D. increased investment
Which of the following would increase aggregate demand ? Read More »
Economics Mcqs, Supply and Demand A. consumption falls
B. investment falls
C. Exports fall
D. imports fall
Aggregate demand will increase if ? Read More »
Economics Mcqs, Supply and Demand A. 80 units
B. 320 units
C. 60 units
D. 120 units
A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards (i.e more supplied at each and every price)
D. Lead to a higher equilibrium and lower equilibrium quantity
An increase in productivity should ? Read More »
Economics Mcqs, Supply and Demand A. Shift demand outwards
B. Shift demand inwards
C. Shift supply outwards so more is supplied at each and every price, all other things unchanged
D. Shift supply inwards
An increase in the costs of production will ? Read More »
Economics Mcqs, Supply and Demand