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.Management Sciences
A. Demand shifts outwards
B. The supply curve shifts inwards
C. The quantity supplied falls when the price falls
D. The supply curve shifts outwards
Related Mcqs:
- If a product is a vablen good ?
- A. Demand is inversely related to income B. Demand is inversely related to price C. Demand is directly related to price D. Demand is inversely related to the price of substitutes...
- If demand is __________ then price cuts will _________ spending?
- A. inelastic; increase B. elastic; increase C. elastic, decrease 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...
- The price elasticity of demand is a negative number this means ?
- A. Demand is price elastic B. Demand is price inelastic C. The demand curve is downward sloping D. An increase in income will reduce the quantity demanded...
- Marginal revenue is the ________ when output is __________?
- A. Change in average revenue, increased B. Change in total revenue, increase by one unit C. change in average revenue, increased by one unit D. change in total revenue increased...
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