If income increases
supply increases
supply decreases
demand increases
demand decreases
When the demand and supply are equal, the price is
Market price
Wholesale price
Equilibrium price
Retail price
The inverse relationship between demand and price is called
Demand schedule
Supply schedule
Law of demand
Law of Supply
Which one of the following is the determinants of demand?
Prices of factors of production
The state of technology
Changes in the excise tax rate
Income of the house hold
When applied to price an equilibrium price is one where supply must equal
Market
Price
Demand
Commodity
The interaction of consumers and producers is called the interaction of
Demand and Market
Demand and Supply
Demand and Price
Demand and Commodity
Which one of the following is a commodity which is decided by the interaction of consumers and producers?
Supply
Value
Which one of the following schedule gives us the information about how much of the commodity the consumer would buy at the given price?
Demand Schedule
Supply Schedule
Consumption Schedule
Production Schedule
If all the non-price determinants of demand are not going to change it is called
Law of Demand
Ceteris Paribus
Laizze Fair
In Barter system
money was the medium of transaction
goods were exchanged for goods
the Banking system functioned systematically
the goods and services were exchanged in directly.
