A rightward shift of the curve is called an
Increase in Supply
Decrease in Supply
Both a and b
None of these
Demand definition is complete when we have data on :
Price ,quality and time
Income , quantity and time
Price,utility and time
Price ,quantity and utility .
What does 'willing' means ?
Consumer wants to buy the good
Other things remaining same
All things other than price
A shift of a demand curve,caused by a change in a determinant of demand is called a
Change in quantity demanded
Change in demand
Change in supply
Change in quantity supplied
A __________ is a payment made to firm by the government .
Tax
Subsidy
Income
_________ is the sum of all individual firms supplies of a good .
Supply
Demand
Market supply
Money supply
When quantity demanded is equal to quantity supplied there is
Equilibrium quantity
Equilibrium price
Market equilibrium
Demand equilibrium
At the point of competitive market equilibrium , the sum of consumer and producer surplus is
Maximum
Minimum
Constant
A leftward shift is called a
Both A and B
Who gave ceteris paribus assumption ?
Marshall
Adamsmith
Ricardo
Walras