Supply and Demand Multiple Choice Questions 1 PDF Book Download

Supply and demand multiple choice questions (MCQs), supply and demand test prep to learn MBA test 1 for MBA free online courses. Learn supply and demand with multiple choice question: evaluate sensitivity of quantity variable, q, to vary in price variable, p is, for online business majors with options price elasticity of demand, elasticity of demand, price elasticity of supply, elasticity for accredited online mba programs. Professional skills assessment test for learning online demand quiz questions with MCQs for competitive exam preparation test.

MCQ on Supply and Demand Test 1Quiz Book Download

MCQ: Supply-and-demand model is a partial equilibrium model of

  1. partial equilibrium
  2. equilibrium
  3. economic equilibrium
  4. price equilibrium


MCQ: Evaluate sensitivity of quantity variable, Q, to vary in price variable, P is

  1. elasticity of demand
  2. price elasticity of demand
  3. price elasticity of supply
  4. elasticity


MCQ: Scrutinize possible effect on equilibrium of a change in outer surroundings affecting marketplace is

  1. changes in market equilibrium
  2. demand curve shifts
  3. partial equilibrium
  4. comparative static analysis


MCQ: Expression "supply and demand" was initially used by

  1. Adam Smith
  2. David Ricardo
  3. John Locke's
  4. James Denham-Stuart


MCQ: Under supposition of ideal competition, supply is determined through

  1. marginal cost
  2. marginal revenue
  3. marginal curve
  4. supply curve