Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Demand And Supply Analysis Quiz 4 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. A change in the price of complimentary goods.
2. Situation created when the quantity supplied is greater than the quantity demanded.
3. The demand of a product depends on four factors.
4. A change in the cost of inputs.
5. A major natural disaster occurs.
6. The amount a producer spends on producing a good or service is the .....
7. What is the meaning of market equilibrium?
8. Assuming the economy is starting at the natural rate of output and everything else held constant, the effect of ..... in aggregate ..... is a rise in both inflation and output in the short-run, but in the long-run the only effect is a rise in inflation.
9. What is the effect of an increase in incomes on the demand for cars?
10. A change in consumer tastes and preferences.
11. Which of the following is not true about AD in a two-sector economy?
12. An individual's demand for onions is given by the following equation:$Q_o^d=3-0.05P_o+0.009I-0.16P_t$ $Q_o^d$ $P_o$ $I$ $P_t$
13. If the price of a commodity is more than the equilibrium price then .....
14. The government has put a ban on all items that are unhealthy. No store can legally sell soda over 24 ounces. The supply of anything over 24 ounces becomes non-existent. What supply factor is this?
15. The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is
16. What is Loss?
17. When the selling price is less than the cost, the producer goes in a .....
18. State True or FalsePrice low X Demand high
19. Everything else held constant, when output is ..... the natural rate level, wages will begin to ....., increasing short-run aggregate supply
20. Producers usually price their products .....
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books