A supply curve that starts at the origin has ?

Related Mcqs:

The law of demand implies that ?

A. as prices rise, demand decrease B. as prices fall, quantity demanded increase C. as prices fall demand increases D. as prices rise, quantity demanded increases...

Which best describes a supply curve ?

A. The quantity consumers would like to buy in an ideal world B. The quantity producers are willing and able to sell at each and every price all other things unchanged C. The quantity producers are willing and able to sell at each and every income all other things unchanged D. The quantity producers are … Which best describes a supply curve ?Read More...

Inferior goods have _________ and luxury goods have _________?

A. negative income elasticity income elasticity greater than 1 B. income elasticity greater than 1, negative income elasticities C. Positive income elasticities, negative income elasticities D. None of the above...

When excess demand occurs in an unregulated market, there is a tendency for ?

A. price to fall B. quantity supplied to decrease. C. price to rise D. quantity demanded to increase...

If the cross elasticity of demand is -2 ?

A. The products are substitutes and demand is cross price elastic B. The products are substitutes and demand is cross price inelastic C. The products are complements and demand is cross price elastic D. The products are complements and demand is cross price inelastic...