The demand schedule or the demand curve of all buyers of a good or service is called____________________?

Related Mcqs:

1. The intersection of the supply curve and demand curve indicates ?

   A. Market equilibrium B. Market demand C. Market condition D. None...

2. An institution or mechanism which brings together buyers and sellers is called____________________?

   A. Market B. Resource Market C. Product Market D. None...

3. Power of a good/ service to satisfy human desire/want is called____________________?

   A. Utility B. Worth C. The point of satiety D. All of these...

4. An individuals demand curve is down sloping because_____________________?

   A. Price and quantity demanded are inversely related B. P & D are directly related C. There is no relation bet P & D D. None...

5. Upward shift of the demand curve is due to_________________?

   A. Changing in quantity demanded B. Increase in demand C. Decrease in quantity demanded D. None...

6. A demand curve shifts because of change is_____________________?

   A. Consumer tastes B. Number of buyers in market C. Incomes D. All of these...

7. Excess utility over price derived by the consumers because of negative sloping demand curve ?

   A. Producer surplus B. Consumer surplus C. Marginal utility D. Demand surplus...

8. Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

   A. Demand pull inflation B. Stagflation C. Both D. None...

9. A measure of average output or real output per unit of input is called____________________?

   A. Efficiency B. Production C. Productivity D. None...

10. Directing domestic resources to output which a nation is highly efficient at producing is called____________________?

    A. International Trade B. Speculation C. International specialization D. None...