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Demand & Supply Together Questions and Answers PDF Download 60

Practice Demand and Supply Together trivia questions and answers, demand and supply together quiz answers PDF to solve economics mock test 60 for online degrees. Practice "Market Forces and Demand and Supply" trivia questions and answers, demand and supply together multiple choice Questions and Answers (MCQ) to solve demand and supply together test with answers for online university degrees. Free demand and supply together MCQs, price elasticity of supply and it's determinants, what are costs?, measurement of inequality, demand curve, demand and supply together test prep for online college courses.

"When quantity supplied is greater than quantity demanded, this situation is known as", demand and supply together Multiple Choice Questions (MCQ) with choices surplus, deficit/shortage, decrease in demand, and increase in supply for online business university. Learn market forces and demand and supply questions and answers with free online certification courses for online schools for business management.

Trivia Quiz on Demand & Supply Together PDF Download 60

Demand & Supply Together Quiz

MCQ: When quantity supplied is greater than quantity demanded, this situation is known as

  1. deficit/shortage
  2. surplus
  3. decrease in demand
  4. increase in supply

B

Demand Curve Quiz

MCQ: Any change that lets your quantity demanded decreases with the decrease in price too is known as

  1. low demand
  2. no demand
  3. decrease in demand
  4. decrease in supply

C

Measurement of Inequality Quiz

MCQ: The government sponsored programs that provide benefits to people based on individual contributions to that program falls under the category of

  1. social welfare programs
  2. social benefit programs
  3. libertarianism
  4. social insurance programs

D

What are Costs? Quiz

MCQ: If a firm has $200 in total revenue and the firm pays its factors of production $100, then the accounting profit is

  1. $300
  2. $100
  3. $110
  4. $120

B

Price Elasticity of Supply & It's Determinants Quiz

MCQ: If infrastructure facilities are available for expanding output of a particular good in response to the rise in prices, the elasticity of supply will be relatively

  1. less elastic
  2. more elastic
  3. less inelastic
  4. more inelastic

B