Supply and Demand Multiple Choice Questions 1 PDF Download

Learn supply and demand multiple choice questions, online MBA test 1 for online MBA programs. Study supply and demand with multiple choice question (MCQs): supply-and-demand model is a partial equilibrium model of, for bachelor of business administration and MBA degree courses with choices equilibrium, partial equilibrium, economic equilibrium, price equilibrium with online distance learning portal for students of business administration degree online. Practice skills assessment test to learn online demand quiz questions with MCQs for competitive exam preparation test.

MCQ on Supply and Demand Test 1Quiz PDF 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