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
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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