For a normal good ?

Related Mcqs:

An increase in the price of a complement for product A would ?

A. Shift demand for Product A outwards B. Shift demand for product A inwards C. Shift supply for product A outwards D. Shift supply for product A inwards...

An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?

A. +2 B. +0.5 C. -2 D. -0.5...

Which of the following is consistent with the law of supply ?

A. As the price of calculators rise, the quantity supplied of calculators decreases, ceteris paribus. B. As the price of calculators calls the supply of calculators increases, ceteris paribus. C. As the price of calculators rise, the quantity supplied of calculators increases, ceteris paribus. D. As the price of calculators rise, the supply of calculators … Which of the following is consistent with the law of supply ?Read More...

An increase in price all other things unchanged leads to ?

A. Shift demand outwards B. Shift demand inwards C. A contractions of demand D. An extension of demand...

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...