Demand and Supply MCQs Quiz Multiple Choice Questions & Answers Page 2

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Demand and Supply Questions with Answers

51. Each point on the demand curve reflects

52. Each point on a supply curve represents

53. The opportunity cost of a hot dog in terms of hamburgers is

54. Normal goods are those for which demand decreases as

55. A supply curve shows the relation between the quantity of a good supplied and

56. A relative price is

57. If income increases or the price of a complement falls

58. A normal good is a good for which

59. If income decreases or the price of a complement rises

60. A complement is a good

61. Demands differ from wants in that

62. Scarcity guarantees that


Multiple Choice Questions and Answers on Demand and Supply

Demand and Supply Multiple Choice Questions and Answers

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