Law of Demand MCQs - MBA Test 56 PDF Download

Law of demand quiz questions, learn online MBA test prep 56 for distance learning online MBA programs with supply and demand test and MCQs. College and university courses MCQs on law of demand, why firms pursue international business, perfect competition, supply curve, monopolistic market for online master's degree in MBA jobs test.

Practice supply and demand career test has multiple choice question (MCQs): demand curve is approximately for all time characterized as downward-sloping, implication that as price decreases, customers will buy more of product related to, for MBA degree online with options law of supply, law of marginal utility, demand curve, law of demand for masters degree in business administration. For e-learning, learn online supply and demand multiple choice questions to practice MCQ based quiz question and answers.

Quiz on Law of Demand - Test Worksheet 56Quiz PDF Download

Law of Demand Quiz

MCQ: Demand curve is approximately for all time characterized as downward-sloping, implication that as price decreases, customers will buy more of product related to

  1. law of supply
  2. law of marginal utility
  3. demand curve
  4. law of demand

D

Why Firms Pursue International Business Quiz

MCQ: Example of a market deficiency is

  1. Restrictions on transfer of labor
  2. Restrictions on transfer of funds
  3. Restrictions on capital flows during currency crisis
  4. All of answers are correct

D

Perfect Competition Quiz

MCQ: Completely competitive market exists when each member is a

  1. price maker
  2. price taker
  3. price seeker
  4. a& b

B

Supply Curve Quiz

MCQ: Curve is normally positively sloped is

  1. supply curve
  2. demand curve
  3. demand
  4. law of supply

A

Monopolistic Market Quiz

MCQ: Revolutionize that diminish demand are

  1. decrease in price of a substitute
  2. increase in price of a complement
  3. a&b
  4. Population size and composition

C