Demand and Supply Questions and Answers | Online Quiz for Practice

Here is the list of Demand and Supply questions and answers available online in quiz and pdf download format to practice for exams.

Demand and Supply Questions with Answers

46. Suppose people buy more of good 1 when the price of good 2 falls. These goods are

47. The quantity demanded is

48. When economists speak of preferences as influencing demand, they are referring to

49. Over the past decade technological improvements that have lowered the cost of producing an automobile have increased

50. If a good is an inferior good, then purchases of that good will decrease when

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

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Multiple Choice Questions and Answers on Demand and Supply

Demand and Supply Multiple Choice Questions and Answers

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