Law of Demand Quizzes Online MCQs PDF Download 56
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Law of Demand Questions and Answers PDF Download eBook 56
demand curve is approximately for all time characterized as downward-sloping, implication that as price decreases, customers will buy more of product related to
- law of supply
- law of marginal utility
- demand curve
- law of demand
D
Example of a market deficiency is
- Restrictions on transfer of labor
- Restrictions on transfer of funds
- Restrictions on capital flows during currency crisis
- All of answers are correct
D
Completely competitive market exists when each member is a
- price maker
- price taker
- price seeker
- a& b
B
curve is normally positively sloped is
- supply curve
- demand curve
- demand
- law of supply
A
Revolutionize that diminish demand are
- decrease in price of a substitute
- increase in price of a complement
- a&b
- Population size and composition
C