Demand & Supply Together Questions and Answers PDF Download 60
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"When quantity supplied is greater than quantity demanded, this situation is known as", demand and supply together Multiple Choice Questions (MCQ) with choices surplus, deficit/shortage, decrease in demand, and increase in supply to study online MBA economics courses. Learn market forces and demand and supply questions and answers with free online certification courses for online schools for business management.
Trivia Quiz on Demand & Supply Together PDF Download 60
MCQ: When quantity supplied is greater than quantity demanded, this situation is known as
- deficit/shortage
- surplus
- decrease in demand
- increase in supply
B
MCQ: Any change that lets your quantity demanded decreases with the decrease in price too is known as
- low demand
- no demand
- decrease in demand
- decrease in supply
C
MCQ: The government sponsored programs that provide benefits to people based on individual contributions to that program falls under the category of
- social welfare programs
- social benefit programs
- libertarianism
- social insurance programs
D
MCQ: If a firm has $200 in total revenue and the firm pays its factors of production $100, then the accounting profit is
- $300
- $100
- $110
- $120
B
MCQ: If infrastructure facilities are available for expanding output of a particular good in response to the rise in prices, the elasticity of supply will be relatively
- less elastic
- more elastic
- less inelastic
- more inelastic
B