Which best describes a demand curve ?

Supply and Demand 18/09/2021

A. the quantity consumers would like to buy in an ideal world
B. The quantity consumers are willing to sell
C. The quantity consumers are willing and able to buy at each and every income all other things unchanged
D. The quantity consumers are willing and able to buy each and every price all other things changed

Related Mcqs:

    Market equilibrium exists when _________ at the prevailing price?
    A. quantity demanded equals quantity supplied B. quantity demanded is less than quantity supplied C. quantity supplied is greater than quantity demanded D. quantity demanded is greater than quantity supplied...
    A contraction in supply occurs when ?
    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...
    The income effect of a price increase of a normal good is to ________ of that good and the substitution effect is to _________ of that good?
    A. increase quantity demanded, reduce quantity demanded B. increase quantity demanded, increases quantity demanded C. reduce quantity demanded, reduce quantity demanded D. reduce quantity demanded, increase quantity demanded...
    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...

Leave a Reply

Your email address will not be published. Required fields are marked *