MCQs: It is necessary to ration a good whenever ?
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MCQs: A price ceiling is ?
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MCQs: Nationalisation occurs when ?
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MCQs: With a positive externality ?
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MCQs: When supply increase in an agricultural market farmer’s earning might fall because ?
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MCQs: Merit goods are ?
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MCQs: If the price in a market is fixed by the government below equilibrium ?
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MCQs: A public good will ?
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MCQs: An increase in demand for a product should ?
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MCQs: A shift in supply will have more effect on price than quantity if ?
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MCQs: A shift is demand will have more effect on price than quantity if ?
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MCQs: Which best describes consumer surplus ?
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MCQs: A movement along the supply curve may be caused by ?
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MCQs: A movement along the demand curve may be caused by ?
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MCQs: Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?
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MCQs: A reduction in the costs of production will ?
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MCQs: If demand increase in a market this will usually lead to ?
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MCQs: Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?
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MCQs: Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?
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MCQs: Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?
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