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MCQs: If a product is an inferior good ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: An increase in price all other things unchanged leads to ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: An increase in income should ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: According to the law of diminishing utility ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: A fall in price ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If the cross-price elasticity of demand between two goods is negative, then the two goods are ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The price of apples falls by 5% and quantity demanded increases by 6% This means that demand is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: A movement along the demand curve to the left may be caused by ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: An increase in aggregate demand if aggregate supply is totally inelastic will ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: When excess demand occurs in an unregulated market, there is a tendency for ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Which of the following is consistent with the law of supply ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If the demand for coffee decreases as income decreases, coffee is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: When the decrease in the price of one good causes the demand for another good to decrease, the goods are_________?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The quantity demanded of Pepsi has decreased. The best explanation for this is that ?
Category: Economics Mcqs, Published by: teswesm
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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 ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If both marginal cost and marginal revenue increase, a firm ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: A firm that breaks even after all economic costs are paid is earning ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: If a firm wage costs increase this will cause __________ and __________?
Category: Economics Mcqs, Published by: teswesm
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