Supply and Demand Multiple Choice Questions 1 PDF Download

Learn MBA test 1 on supply and demand multiple choice questions (MCQs) for business administration jobs preparation. Free supply and demand study guide has multiple choice question: supply-and-demand model is a partial equilibrium model of with choices equilibrium, partial equilibrium, economic equilibrium and price equilibrium with online distance learning portal for students of business administration degree online. Study to learn demand quiz questions with online learning MCQs for competitive exam preparation test.

MCQ on Supply and Demand Test 1 Quiz 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