Supply & Demand Mcqs
Supply & Demand Mcqs, this topic has 81 mcqs, It takes five to ten minutes to complete this free Supply & Demand Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Supply & Demand Mcqs" MCQs and share with your friends, brothers, sisters.
Supply & Demand Mcqs (Total Quiz: 81)
MCQ: Improved training of employees would ?
- Shift aggregate supply to the right
- Shift aggregate supply to the left
- Shift aggregate demand to the right
- shift aggregate demand to the left
A
MCQ: Which of the following would increase aggregate demand ?
- Increased saving
- Increasing import spending
- Increased taxation revenue
- increased investment
C
MCQ: Aggregate demand will increase if ?
- consumption falls
- investment falls
- Exports fall
- imports fall
D
MCQ: The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ?
- 80 units
- 320 units
- 60 units
- 120 units
B
MCQ: An increase in productivity should ?
- Lead to a contraction of supply
- Lead to an expansion of supply
- Lead to a shift in supply outwards (i.e more supplied at each and every price)
- Lead to a higher equilibrium and lower equilibrium quantity
C
MCQ: An increase in the costs of production will ?
- Shift demand outwards
- Shift demand inwards
- Shift supply outwards so more is supplied at each and every price, all other things unchanged
- Shift supply inwards
D
MCQ: A supply curve that starts at the origin has ?
- A price elasticity of supply greater than one
- A price elasticity of supply equal to one
- A price elasticity of supply less than one
- A positive price elasticity of supply
B
MCQ: If a 4% increase in price leads to a increase in the quantity supplied of 8% ?
- Supply is price elastic
- Supply is income elastic
- Price elasticity of demand is -2
- Price elasticity of supply is -2
A
MCQ: For a normal good ?
- The price elasticity of demand is negative the income elasticity of demand is negative
- The price elasticity of demand is positive the income elasticity of demand is negative
- The price elasticity of demand is negative the income elasticity of demand is positive
- The price elasticity of demand is positive; the income elasticity of demand is positive
C
MCQ: if demand is price inelastic ?
- An increase in price must raise profits
- An increase in price decrease revenue
- An increase in price increase revenue
- A decrease in price reduces sales
C