THIRD TERM 3RD CBT 3 SS 2
Authored by GODWIN BEEKA
Science
11th Grade
Used 1+ times
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10 questions
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1.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
(a) is defined as the quantity of goods a producer is willing and ready to offer for sale at a given price over a given period of time?
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
__________ is a table which shows the relationship between price and quantity of commodity supplied?
Supply table
Supply curve
Supply schedule
Supply arrangement
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When elasticity of demand (E) = 0, it means demand is __________?
Perfectly inelastic
Inelastic
Elastic
Unitary
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
__________ is the price at which the quantity of goods/services demanded is equal to the quantity of goods/services supplied?
Selling price
Discounted price
Premium price
Equilibrium price
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these, is/are not (an) effect(s) of subsidy withdrawal/removal on agricultural production by government?
Higher production
High cost of farm produce
Accessibility to improved farm inputs
Options A and C
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Price legislation is also known as __________?
Price movement
Price fluctuation
Price control policy
Price distribution
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these, is a type of farm account?
Farm budget
Annual valuation
Farm diary
Cash analysis account
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