Price only
Quantity only
Quality only
Price and quantity
Correct answer is A
No explanation has been provided for this answer.
In the operation of market forces, the market is in equilibrium at the point where
Demand and supply curve intersect in more than one point provided the market is cleared
The excess in market can be conveniently stored
Excess demand is negative
Demand and supply curves intersect
Correct answer is D
No explanation has been provided for this answer.
A rate of exchange
A medium of exchange
The cost of product
The standard of accounting
Correct answer is A
No explanation has been provided for this answer.
Substitution effect of a price change
Income effect of a price change
Opportunity cost of a price change
Inflation effect of a price change
Correct answer is D
No explanation has been provided for this answer.
In the long run a firm will leave an industry if price
Does not cover at at least Average Total Cost
Is not equal to Marginal Cost
Is higher than Average Varriable Cost
Is not at least equal to the minimum of Marginal Cost curve
Correct answer is B
No explanation has been provided for this answer.