A. elastic
B. perfectly elastic
C. unitarily elastic
D. inelastic.
A. zero elastic
B. elastic
C. perfectly elastic
D. inelastic
A. a decrease in supply.
B. a rise in income
C. a fall in the number of substitute goods
D. a rise in the price of inputs
A movement along the demand curve to the left may be caused by ? Read More »
Economics Mcqs, Supply and Demand A. increase price but not output
B. increase output but not price
C. increase output and price
D. decrease output and price
An increase in aggregate demand if aggregate supply is totally inelastic will ? Read More »
Economics Mcqs, Supply and Demand A. price to fall
B. quantity supplied to decrease.
C. price to rise
D. quantity demanded to increase
When excess demand occurs in an unregulated market, there is a tendency for ? Read More »
Economics Mcqs, Supply and Demand A. As the price of calculators rise, the quantity supplied of calculators decreases, ceteris paribus.
B. As the price of calculators calls the supply of calculators increases, ceteris paribus.
C. As the price of calculators rise, the quantity supplied of calculators increases, ceteris paribus.
D. As the price of calculators rise, the supply of calculators increases ceteris paribus.
Which of the following is consistent with the law of supply ? Read More »
Economics Mcqs, Supply and Demand A. an inferior good
B. a normal good
C. a complementary good
D. a substitute good
If the demand for coffee decreases as income decreases, coffee is ? Read More »
Economics Mcqs, Supply and Demand A. complements
B. substitutes
C. inferior
D. nromal
A. Pepsi’s advertising is not as effective as in the past .
B. The price of Coca Cola has increased,
C. Pepsi consumers had an increase in income.
D. The price of Pepsi increased
The quantity demanded of Pepsi has decreased. The best explanation for this is that ? Read More »
Economics Mcqs, Supply and Demand A. have few substitutes.
B. are normal goods
C. have few complementary goods.
D. have many complementary goods.
