A) Determined later by government B) Less than the equilibrium supply C) Greater than equilibrium supply D) None of these E) . The same as equilibrium supply
A) while it is fairly easy to control producers and importing firms, smaller distributors are too many to be controlled B) too many things are produced in the country C) control cannot work under military rule D) the population is too large
A) Joint demand B) composite demand C) competitive demand D) cross-elasticity of demand
A) capital B) resources C) wants D) scarcity
A) application of human effort B) use of machines C) application of fertilizer D) acts of nature
A) state planning committee. B) government department C) price mechanisms D) trade union
A) he has consumed all he wants B) he maximizes his satisfaction from spending his income C) his market Supply is equal to his market demand D) the market is also in equilibrium
A) composite supply B) market Supply C) joint supply D) competitive supply
A) competitive supply B) joint supply C) composite supply D) joint demand
A) more is sold at different prices B) there is a leftward shift of the supply curve C) more is sold at the same price D) there is a movement along the supply curve
A) Enables individuals to satisfy all their wants B) Restores equilibrium between producers and consumers C) Helps producers to know what to produce D) . Helps in the utilization of scarce resources
A) Handbag and Jewelry. B) Dress and Jewelry C) Dress D) Jewelry
A) Management. B) Risk-bearing. C) Planning D) Control.
A) A central planning committee B) A government distribution agencies C) The operation of price mechanism. D) Retailers only.
A) . Arrange the data in either ascending or descending order and find what item divides the set in two equal parts. B) Arrange the data in ascending order and subtract each item from the mean. C) Arrange the data in descending order and add each item to the least. D) Sum the value and divide by the number of items.
A) Demand to fall substantially. B) Farmer's incomes to be more than doubled C) Price to fall substantially. D) Price to increase substantially.
A) Demand for commodity X will decrease B) Supply of both commodity X and its substitute will increase. C) Demand for the substitute of commodity X will decrease D) Price of commodity X will increase
A) A reduction in the cost of raw materials. B) A favourable weather condition. C) An improvement in innovation and technology. D) An increase in the price of the commodity
A) Unitary elastic. B) Inelastic. C) Fairly elastic. D) Perfectly inelastic.
A) A decrease in supply B) A decrease in quantity supplied C) An increase in supply. D) An increase in quantity supplied
A) Increasing taxes on inputs. B) Fixing minimum prices C) Encouraging them to produce surplus output. D) Fixing maximum prices.
A) $1.50 B) $150.03 C) $166.67 D) $15.00
A) surplus in the market B) rationing to be introduced C) black market to come into operation D) shortage in the in market
A) joint supply B) competitive supply C) market Supply D) composite supply
A) 1.00 B) 0.50 C) 1.50 D) 2.00
A) taste and fashion B) the size of the population C) price of the commodity D) income distribution
A) slopes downward B) is horizontal C) slopes upward D) Is vertical
A) unitory supply B) composite supply C) market supply D) competitive supply
A) the market will be cleared in the short-run B) excess demand occurs C) market surplus occurs D) government regulation is no longer needed
A) excessive demand for the product B) low level of technology C) excess supply of labour D) increase in the export of goods |