A decrease in supply with demand remaining unchanged will cause the equilibrium price for a good to
Be unchanged
Remain elastic
Remain inelastic
Rise
Correct answer is D
No explanation has been provided for this answer.
Equilibrium price is the price at which quantity
Demand greater than quantity supplied
Supplied is greater than quantity demanded
Demand is equal to quantity supplied
Supplied equals quantity produced
Correct answer is C
No explanation has been provided for this answer.
The slope of a supply curve is
Horizontal
Uniform
Positive
Vertical
Correct answer is C
No explanation has been provided for this answer.
Goods for which demands rises as income rises are
Complementary goods
Inferior goods
Normal goods
Substitutes
Correct answer is C
No explanation has been provided for this answer.
A component of the national debt of a country is
Taxation
Bank saving
The budget
Treasury bills
Correct answer is D
Treasury bills are government debt securities issued to the public through the central bank, to raise money. What this means is that, when the government sees the need to control the flow of money when there is excess money in circulation in the economy, they issue debt securities to inviting people to invest that excess money and get paid interest when the security matures.