Supply and Demand Multiple Choice Questions and Answers PDF Book Download

Supply and Demand Multiple Choice Questions and Answers (MCQs), supply and demand quiz answers PDF, MBA test prep 1 for online MBA degree programs.

"The supply-and-demand model is a partial equilibrium model of" Multiple Choice Questions (MCQ) on supply and demand with choices equilibrium, partial equilibrium, economic equilibrium, and price equilibrium for executive MBA programs online. Practice jobs' assessment test, online learning demand quiz questions for online executive MBA.

MCQs on Supply and Demand Quiz 1 PDF Book Download

MCQ: supply-and-demand model is a partial equilibrium model of

  1. partial equilibrium
  2. equilibrium
  3. economic equilibrium
  4. price equilibrium

C

MCQ: Evaluate sensitivity of quantity variable, Q, to vary in price variable, P is

  1. elasticity of demand
  2. price elasticity of demand
  3. price elasticity of supply
  4. elasticity

B

MCQ: Scrutinize possible effect on equilibrium of a change in outer surroundings affecting marketplace is

  1. changes in market equilibrium
  2. demand curve shifts
  3. partial equilibrium
  4. comparative static analysis

D

MCQ: expression "supply and demand" was initially used by

  1. Adam Smith
  2. David Ricardo
  3. John Locke's
  4. James Denham-Stuart

D

MCQ: Under supposition of ideal competition, supply is determined through

  1. marginal cost
  2. marginal revenue
  3. marginal curve
  4. supply curve

A