Category: Supply and Demand

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

A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left

A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards (i.e more supplied at each and every price)
D. Lead to a higher equilibrium and lower equilibrium quantity

A. The ceteris paribus effect
B. The diminishing marginal utility effect.
C. The substitution effect
D. The income effect

A. complements
B. substitutes
C. inferior
D. nromal

A. incur, desire
B. pay, make
C. charge earns
D. minimize, maximize

A. 3000
B. 7000
C. 5500
D. 4500

A. A price elasticity of supply greater than one
B. A price elasticity of supply equal to one
C. A price elasticity of supply less than one
D. A positive price elasticity of supply

A. reduces; reduces
B. reduces; increases
C. increases; increases
D. increases; reduces

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