41. If the price of a good changes but everything else influencing suppliers planned sales remainsconstant, there is a
42. The law of demand implies that demand curves
43. A change in the price of a good
44. The law of demand states that, other things remaining the same, the higher the price of a good, the
45. If a producer can use resources to produce either good A or good B, then A and B are
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
MCQ Multiple Choice Questions and Answers on Demand and Supply
Demand and Supply Trivia Questions and Answers PDF
Demand and Supply Question and Answer
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