Supply and Demand

What the type of market is assumed when we learn about interaction between supply and demand

• Competitive market
• Black market
• Oligopoly market
• Monopoly market

What is the law of demand

• The law of demand states that price and quantity demanded are directly related.
• The law of demand suggests that higher prices lead to higher demand.
• The law of demand indicates that price and quantity demanded are inversely related.
• The law of demand indicates that quantity supplied increases as price decreases.

Perhatikan pernyataan berikut!

1. 1. Hubungan antara harga dan kuantitas bersifat negatif

2. 2. Persamaan matematisnya Q = a + bP

3. 3. Kurva dimulai dari kiri atas ke kanan bawah

4. 4. Jika harga naik maka kuantitas yang diminta akan berkurang

5. 5. Kurva dimulai dari kiri bawah ke kanan atas

6. Pernyataan yang benar berkaitan dengan permintaan adalah...

• 1, 3, 4
• 2,3,5

• 3,4,5

• 1,2,3

When the price is decrease, the quantity demanded will increase. This is indicated by the demand curve that

• Movement along the curve

• Shift to the right

• Shift to the left

• It will remain the same

Pizza and burger are substitute goods. When the price of burger is increase, then the demand curve of pizza will...

• shift to the left
• remain unchanged
• become vertical
• shift to the right

How does an increase in consumer income affect the purchasing behavior of luxury goods?

• Purchasing decreases

• Purchasing remains unchanged

• Purchasing increases

• Purchasing becomes more selective

When the price of a complementary good decreases, what is the expected effect on the demand for the related good?

• Demand will decrease

• Demand will remain unchanged

• Demand will increase

• Demand will become elastic

Apabila harga minyak diekspektasikan naik bulan depan, maka kurva permintaan minyak saat ini akan

• Tetap di tempat
• Bergeser ke kanan
• Bergeser ke kiri
• Meningkat secara vertikal

Bagaimana hubungan harga dan kuantitas suatu barang dalam konsep penawaran?

• Kuantitas barang selalu tetap terlepas dari perubahan harga.
• Harga dan kuantitas barang memiliki hubungan positif dalam penawaran.
• Harga dan kuantitas barang memiliki hubungan negatif dalam penawaran.
• Harga tidak mempengaruhi kuantitas barang dalam penawaran.

Which of the following is not held constant in a supply schedule?

• Production technology

• Number of sellers

• The price of the good

• The prices of inputs