Ukuran huruf
Lembar kerjaECON DEV 1
Total soal: 10
Worksheet time: 2mins
What is the slope of a supply curve?
downward sloping
upward sloping
A point where quantity demanded equals quantity supplied.
(a)
What type of resources does labor belong?
(a)
What is the slope of a demand curve?
downward sloping
upward sloping
In this type of economy, the choices of distribution as well as production are based primarily on prices.
(a)
A higher price is associated with a lower quantity demanded, whereas a lower price is associated with a larger quantity demanded.
law of demand
law of supply
The best alternative that is forgone to produce or consume something else
(a)
The price and quantity demanded are negatively related, all other things equal (ceteris paribus).
law of demand
law of supply
Price and quantity supplied are positively related, all other things equal.
law of demand
law of supply
All of the Factors Caused Real-World Demand Curves to Shift, except for 2 factors. Which 2 factors?
Changes in the number of consumers who wish to purchase the product
Changes in the tastes of the consumers in the market
Changes in the technology used to produce the product
Changes in the prices of complements or substitutes
Changes in seller’s expectations about the product’s future price
