A fall in price ?

Related Mcqs:

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...

A movement along the demand curve to the left may be caused by ?

A. a decrease in supply. B. a rise in income C. a fall in the number of substitute goods D. a rise in the price of inputs...

The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?

A. zero elastic B. elastic C. perfectly elastic D. inelastic...

Aggregate demand will increase if ?

A. consumption falls B. investment falls C. Exports fall D. imports fall...