Market demand and supply

Market demand and supply

University

14 Qs

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Market demand and supply

Market demand and supply

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

BHALCHANDRA KARBHARI

Used 58+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When quantity demanded of a commodity changes due to a change in its price, keeping other factors constant is known as

Movement along the Demand Curve

Movement along the Supply curve

Shift in demand

shift in supply

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When quantity demanded of a commodity changes due to a change in other factors keeping price constant is known as

Movement along the Demand Curve

Movement along the Supply curve

Shift in demand

shift in supply

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Expansion or a Contraction in demand remains along the ............. demand curve

different

same

two

none of the above

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Downward movement along the same demand curve is known as

Contraction in Demand

Increase in demand

Expansion in Demand

Decrease in demand

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Upward movement along the same demand curve is known as

Expansion in Demand

Contraction in Demand

Increase in demand

Decrease in demand

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Demand curve remain the same , Only shift in equilibrium point due to change in prices is known as

Shift in demand

Movement along the supply Curve

Movement along the Demand Curve

shift in supply

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When the position of the demand curve will shift to the left or right following a change in determinant of demand is called as

Shift in demand

Movement along the supply Curve

Movement along the Demand Curve

shift in supply

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