A. 108ton B. 52tons C. -52tons D. -108tons Correct Answer: Option B B. 52tons
A. positively sloping supply curve B. perfectly elastic supply curve C. backward bending supply curve D. perfectly inelastic Correct Answer:…
A. consumers are to a change in price B. sellers are to a change in price C. sellers are to…
A. competitive demand B. composite demand C. complementary demand D. derived demand Correct Answer: Option C C. complementary demand Explanation…
A. increase B. fall C. fluctuate D. remain unchanged Correct Answer: Option A A. increase Explanation If prices for inelastic…
A. vertical B. backward bending C. horizontal D. negatively sloped Correct Answer: Option A A. vertical Explanation Necessity goods are…
A country allocation to various sectors of the economy is shown in the pie chart below. Use the information to…
A country allocation to various sectors of the economy is shown in the pie chart below. Use the information to…
A. Bauxite deposit in the ground B. A lake used for irrigation C. A bulldozer for clearing farmland D. Grazing…
A. forces of demand and supply B. producers of the commodities C. the central planning authority D. consumers who are…