supply and demand

The definition of demand in economic concepts is

• the quantity of a good or service that producers are willing and able to sell at a given price in a given time period
• the amount of money consumers are willing to pay for a good or service
• The total number of goods and services that consumers want to buy at various price levels

• the total number of goods or services available in the market

Which of the following is not a factor that can influence demand someone, namely

• technology

• income

• taste

• prices of other related goods

The following are factors that influence changes in numbers demand for an item, unless

• Increased production costs

• the item becomes more popular
• there is a change in consumer income
• the price of the item remains the same

Effective demand is

• The amount of supply for a product or service
• The cost of a product or service
• The popularity of a product or service
• Demand for a good accompanied by the ability to pay the price of the goods

The supply of an item will be influenced by many factors, including : as follows, except

• The tastes of potential consumers

• global economic trends
• government regulations
• consumer demand

Several factors that influence demand and supply include:

1) Expectations

2) Production costs

3) Consumer income level

4) Technological progress

5) Taste

Which are the factors that influence supply

• 1, 2, and 3

• 1, 2, and 4

• 2, 3, and 4

• 2, 4, and 5

Factors that influence demand and supply include:

1) Technology

2) Price of goods

3) Production costs

4) Consumer tastes

5) Income level

These are factors that influence supply, namely

• 1, 2, and 3

• 2, 4, and 5

• 1, 3, and 5

• 2, 3, and 5

The law of supply says that

• As the price of a good or service increases, the quantity supplied by producers decreases
• The law of supply has no impact on the quantity supplied by producers
• The quantity supplied by producers remains constant regardless of the price of a good or service
• The quantity of goods offered will always be directly proportional to price

When the price is IDR 2.00, the number of goods offered is 5 units and when price Rp. 3.00, quantity of goods offered is 8 units. The offering function is

• Q = 3P - 1

• Q = 11 + 3P
• Q = 8 - 3P
• Q = 5 - 2P

The price that shows the quantity demanded and the quantity supplied in balance is

• extreme price
• unstable price
• equilibrium price
• random price