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Supply and Demand Multiple Choice Multiple Choice Questions PDF 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 to learn executive MBA courses. Practice jobs' assessment test, online learning demand quiz questions for online executive MBA.

MCQs on Supply and Demand Quiz 1 PDF Download eBook

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

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


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


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


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

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


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

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