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Chapter 2: Demand and Supply

Chapter 2: Demand and Supply

IronButterfly
숲 속
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Ikut Turutan
Universiti
Pendidikan Sosial

Chapter 2: Demand and Supply

IronButterfly

66
Pencipta asal kuiz-
IronButterfly

10 soalan

Allow incorrect answer

Tunjukkan jawapan

public kuiz

Bahan pembelajaran

Fail
Paparan dibenarkan semasa kuiz
Chapter 2_DPB10053 Dd & Ss Theory pptx.pdf
# 1pilihan
Which of the following best describes the law of demand?
As price increases, quantity demanded increases
As price increases, quantity demanded decreases
As price decreases, quantity demanded decreases
Price and quantity demanded are unrelated
# 2Betul/Salah
The supply curve generally slopes upward from left to right.
# 3Jawapan pendek
What is the mathematical form of a demand function?
Qd = a - bP
# 4pilihan
If the price of a substitute good increases, what will likely happen to the demand for the original good?
It will decrease
It will stay the same
It will increase
It will become zero
# 5Betul/Salah
The law of supply states that as the price of a good decreases, the quantity supplied increases.
# 6Betul/Salah

Cost of production is a determinant of demand.

# 7pilihan
Which of the following is NOT a determinant of supply?
Production cost
Technology
Taste
Number of producers
# 8pilihan
If the demand curve shifts to the right, what does this indicate?
Decrease in demand
Increase in demand
No change in demand
Decrease in supply
# 9Betul/Salah
Market demand is the sum of individual demands in the market.
# 10Jawapan pendek
What is the general relationship between price and quantity supplied according to the law of supply?
Positive
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