Law of Demand MCQs for MBA Test 56 PDF Download

MBA quiz 56 to learn supply and demand test & MCQs. Practice tests for educational assessment on law of demand, why firms pursue international business, perfect competition, supply curve, monopolistic market for online master's degree in MBA jobs test.

This study guide includes multiple choice questions (MCQ) as demand curve is approximately for all time characterized as downward-sloping, implication that as price decreases, customers will buy more of product related to, answer key with options as law of supply, law of marginal utility, demand curve and law of demand to test study skills. For e-learning, study online supply and demand multiple choice questions to practice MCQ based quiz question and answers.

Law of Demand Quiz Worksheet 56 Quiz 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