A shift in demand will have more effect on price than quantity if ?

Related Mcqs:

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

A. The impact on both price and quantity is ambiguous B. Price will decrease, quantity is ambiguous. C. price will increase, quantity will decrease D. price will increase, quantity is ambiguous. E. Price will increase, quantity will increase...

VAT is a good example of which kind of tax ?

A. Specific B. Exercise duty C. Direct D. Ad valorem...

The allocation of resources is not efficient if ?

A. the marginal cost of production does not equal society’s marginal benefit B. the distribution is inequitable C. economic growth is low D. unemployment is high...

If the price of good is below the equilibrium price ?

A. there is a shortage and the price will rise B. the quantity demanded is equal to the quantity supplied and the price remains unchanged C. there is a shortage and the price will fall D. there is a surplus and the price will rise...

Market failure may arise because of ?

A. imperfect competition B. taxation C. externalities D. missing markets E. all of the above...