A) all the above B) a list of need C) a mere demand D) a mere desire not backed by ability and willingness
A) backed by the ability to pay B) backed by desire C) None of the above D) backed by want
A) Effective demand B) Total production C) Supply
A) the higher the price,the higher the demand B) all things being equal, the higher the price, the lower the quantity demanded and vice versa C) the lower the price, the lower the quantity supplied
A) John Stuart B) A.C Pigou C) Adam Smith D) Alferd Marshal
A) Incorrect B) Partially C) False D) True
A) It adopts socialist methods B) It adopts humanity method C) It adopts scientific methods D) It adopts philosophical method
A) unlimited supply of resources B) None of the above C) limited supply of resources D) abundance supply of goods
A) four B) five C) three D) six
A) Want B) Opportunity cost C) Scale of preference D) Choice
A) six B) Three C) two D) four
A) normal demand B) abnormal demand C) ineffective demand D) effective demand
A) articles of ostentation B) all of the above C) future expectation D) articles of necessity
A) five B) seven C) two D) three
A) true B) false
A) Price of other services B) price of the commodity C) price of other goods
A) true B) partially C) false
A) number of producers B) cost of the production C) taxation D) price
A) Joint demand B) Competitive demand C) Composite supply
A) inferior or giffen goods B) superior or giffen goods C) real goods D) substandard goods |