the law of demand shows the relationship between

Theory of demand and supply

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Social Studies
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University
•
Medium
Nor Anuar
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
income and demand
price and quantity supplied
demand and supply
price and quantity demanded
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an increase in the price of car; ceteris peribus, will cause demand curve for petrol to
remain unchanged
shift to the left
shift to the right
become steeper
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following caused a movement along the curve
decrease in consumer income
increase in consumer satosfaction
decrease in the price of the good
decrease in the quantity demanded of the good
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
when price of good A rises, demand for B falls. what are they?
complement goods
substitute goods
inferior goods
luxury goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
law of supply states that
the higher the income, higher quantity supplied
higher the demand, higher the supply
higher the price, higher the quantity supplied
higher the price, lower the quantity supplied
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
supply of cars will increase if
demand for cars decrease
government reduces tax on car manufacturer
price of car falls
petroleum resources are exhausted
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following will not cause supply curve to shift?
change in technology
change in tax structure
change in price of good
change in factor of production
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