مقدمه في الاقتصاد ( True or false )

The circular flow of economic activity shows the connections between firms and households in input and output markets.

• ✅

• ❌

if tastes and preferences are favorable, the demand for goods will be little.

• ✅

• ❌

If tastes and preferences are favorable, the demand for goods will be large.

• True

• False

If people’s tastes and preferences not favorable, the demand for goods decrease.

• True

• False

Change in price of a good or service leads to change in quantity demanded.

• True

• False

A shift of demand curve to the right indicates: a decrease in demand.

• True

• False

A shift of demand curve to the left indicates: a decrease in demand.

• True

• False

Stock is a non-potential supply.

• True

• False

The law of supply states that as the price of a commodity rises, its supply also

decreases.

• True

• False

If the price increased, the quantity of supply will increase, and if the price

decreased the quantity of supply will decrease.

• True

• False