MCQsLearn App Free MCQsLearn App Download - Android - iOS
As an Amazon Associate I earn from qualifying purchases.

Supply and Demand MCQ Questions and Answers 6 PDF Download

Supply and Demand Multiple Choice Questions (MCQ), supply and demand quiz answers PDF, MBA test prep 6 for online MBA degree programs.

"Circumstances in a marketplace when the price is such that the quantity that customers demand is exactly balanced by the quantity that organizations desire to supply is" Multiple Choice Questions (MCQ) on supply and demand with choices partial equilibrium, equilibrium supply, market equilibrium, and equilibrium demand for online masters programs. Practice jobs' assessment test, online learning market equilibrium quiz questions for online schools for business administration.

MCQs on Supply and Demand Quiz 6 PDF Download eBook

MCQ: Circumstances in a marketplace when price is such that quantity that customers demand is exactly balanced by quantity that organizations desire to supply is

  1. equilibrium supply
  2. partial equilibrium
  3. market equilibrium
  4. equilibrium demand

C

MCQ: price-quantity pair where quantity demanded is equivalent to extent supplied, characterized by intersection of demand and supply curves is

  1. equilibrium
  2. equilibrium demand
  3. equilibrium supply
  4. equilibrium curve

A

MCQ: A table that demonstrate association among price of a good and quantity supplied is

  1. demand schedule
  2. supply schedule
  3. demand
  4. supply

B

MCQ: Customers will be ready to purchase a specified quantity of a product, at a specified price, if marginal utility of further spending is equivalent to the

  1. cost
  2. opportunity cost
  3. revenue
  4. product cost

B

MCQ: How much (quantity) of a commodities or service is wanted by buyers is

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

B