Supply and Demand Multiple Choice Questions 1 PDF Book Download

Supply and demand multiple choice questions (MCQs), supply and demand quiz answers, MBA test prep 1 to learn MBA courses for MBA degree online. supply and demand with multiple choice question: supply-and-demand model is a partial equilibrium model of, with choices equilibrium, partial equilibrium, economic equilibrium, and price equilibrium for online business degree programs. Practice jobs' assessment test for online learning demand quiz questions for business administration certifications.

MCQs on Supply and Demand Test 1 PDF Book Download

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

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

C

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

B

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

D

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

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

D

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

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

A