A. Complementary
B. Substitutes
C. Supplementary
D. None
Related Mcqs:
- 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 - The demand schedule or the demand curve of all buyers of a good or service is called____________________?
A. Market demand
B. Total demand
C. Both
D. None - The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
A. Depreciation
B. Downsizing
C. Rightsizing
D. All - 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 - The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?
A. Income effect
B. Substitution effect
C. Labour effect
D. All - An analytic approach in which we move from general to particular from theory to facts is_________________?
A. Induction
B. Deduction
C. Specification
D. None - A legally determined price above the equilibrium price is__________________?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None - Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
A. Say’s law
B. Keynes theory of supply
C. Law of supply
D. None - Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?
A. Money supply
B. Money lender
C. National income
D. None - The intersection of the supply curve and demand curve indicates ?
A. Market equilibrium
B. Market demand
C. Market condition
D. None
