MCQs: When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?
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MCQs: The quantity demanded of Pepsi has decreased. The best explanation for this is that ?
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MCQs: The Setrite Corporation produce chairs. An economist working for the firm predicts that if people’s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist’s prediction depends on whether the chairs Setrite Produce ?
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MCQs: If both marginal cost and marginal revenue increase, a firm ?
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MCQs: A firm that breaks even after all economic costs are paid is earning ?
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MCQs: If a firm wage costs increase this will cause __________ and __________?
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MCQs: Profits are maximized when ?
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MCQs: The increase in total cost when one more unit is produced is known as ?
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MCQs: Adding up the quantities demanded of a good by different people facing the same price gives us the ?
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MCQs: Economics assumes that people consume goods and services to achieve ?
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MCQs: The income effect of a price increase of a normal good is to ________ of that good and the substitution effect is to _________ of that good?
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MCQs: Inferior goods have _________ and luxury goods have _________?
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MCQs: Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?
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MCQs: If demand is __________ then price cuts will _________ spending?
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MCQs: Increased levels of spending on imports ?
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MCQs: Increase unemployment benefits and less incentive to work would ?
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MCQs: Which of the following would decease aggregate demand ?
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MCQs: An increase in aggregate demand will have most effect on prices if ?
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MCQs: A shift in aggregate supply is likely to ?
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MCQs: An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?
Category: Economics Mcqs, Published by: teswesm
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