Supply & Demand Mcqs

Q.  An increase in price all other things unchanged leads to ?

a. Shift demand outwards
b. Shift demand inwards
c. A contractions of demand
d. An extension of demand


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Adding up the quantities demanded of a good by different people facing the same price gives us the ?
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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 ?
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MCQs:  An increase in price all other things unchanged leads to ?
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MCQs:  A contraction in supply occurs when ?
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MCQs:  Supply is likely to be more price elastic ?
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MCQs:  Which best describes a supply curve ?
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MCQs:  For an inferior good ?
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MCQs:  Price increases from 10 to 12 pence and the price elasticity of demand is -0.5 The quantity demanded was 500 units. What will it be now ?
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MCQs:  The income elasticity is +2 and income increases by 20% sales were 5000 units, what will they be now ?
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MCQs:  If the price elasticity of demand is unit then a fall in price ?
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