Supply and Demand Multiple Choice Questions 1 PDF Download

Learn MBA test 1 on supply and demand multiple choice questions (MCQs) for online MBA tutorial questions. Free supply and demand study guide has multiple choice question on supply-and-demand model is a partial equilibrium model of with options equilibrium, partial equilibrium, economic equilibrium and price equilibrium to test online e-learning skills for viva exam prep and job's interview questions with answers key. Study to learn demand quiz questions with online learning MCQs for competitive exam preparation test.

MCQ on Supply and Demand Quiz PDF Download Test 1

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