Subsititue goods An increase in the number of sellers of bikes will None of the above increase the In Economics when demand for a commodity a) the price of a bike increases with a fall in its price it is known as: b) demand for bikes Contraction of demand c) the supply of bikes Expansion of demand d) demand for helmets No change in demand If the supply of bottles water decreases the None of the above equilibrium price the equilibrium ………..and The quantity supplied of a good or service is the quantity…………… amount that a)Increases; decreases In actually bought a given time period at a b) decreases; increases given price c) decreases; decreases Producers wish they could sell at a higher d) increases; increases price A decrease in the demand for cameras, other Producers plan to sell during a given time things removing the same. period at a given price Increase the number of cameras bought People are willing to buy during a given time decrease the price but increase the number period at a given price of cameras bought Supply is the Increase the price of cameras Limited resources that are available with the Decrease the price and the number of seller cameras bought Cost of producing a good If good growing consitions increases the supply of Entire relationship between the quantity strawberries and hot weather increases the demand supplied and the price of good for strawberries, the quantity of strawberries bought Willingness to produce a good if the Increases and the price miht rise, fall or not technology to produce it becomes available change In the book market, the supply of books will but the price rises Doesn’t chage decreases if any of the following occurs except change but the price falls Doesn’t A decrease in the number of book publishers Increases and the price rises. A decrease in the price of the book Comforts lies between the An increase in the future expected price of the Inferior goods and necessaries book Luxuries and inferior goods An increase in the price of paper used. Necessaries and luxuries If the price of computer increases by 10% and None of the above supply increases by 25%. The elasticity of supply is: In a very short period the supply 2.5 Can be changed 0.4 Can not be chaned (-)2.5 Can be increased (-)0.4 None of the above When supply curve moves to left, it means,
Subsititue goods None of the above In Economics when demand for a commodity increases with a fall in its price it is known as: Contraction of demand Expansion of demand No change in demand None of the above The quantity supplied of a good or service is the amount that In actually bought a given time period at a given price Producers wish they could sell at a higher price Producers plan to sell during a given time period at a given price People are willing to buy during a given time period at a given price Supply is the Limited resources that are available with the seller Cost of producing a good Entire relationship between the quantity supplied and the price of good Willingness to produce a good if the technology to produce it becomes available In the book market, the supply of books will decreases if any of the following occurs except A decrease in the number of book publishers A decrease in the price of the book An increase in the future expected price of the book An increase in the price of paper used. If the price of computer increases by 10% and supply increases by 25%. The elasticity of supply is: 2.5 0.4 (-)2.5 (-)0.4 An increase in the number of sellers of bikes will increase the a) the price of a bike b) demand for bikes c) the supply of bikes d) demand for helmets If the supply of bottles water decreases the equilibrium price ………..and the equilibrium quantity…………… a)Increases; decreases b) decreases; increases c) decreases; decreases d) increases; increases A decrease in the demand for cameras, other things removing the same. Increase the number of cameras bought decrease the price but increase the number of cameras bought Increase the price of cameras Decrease the price and the number of cameras bought If good growing consitions increases the supply of strawberries and hot weather increases the demand for strawberries, the quantity of strawberries bought Increases and the price miht rise, fall or not change Doesn’t chage but the price rises Doesn’t change but the price falls Increases and the price rises. Comforts lies between the Inferior goods and necessaries Luxuries and inferior goods Necessaries and luxuries None of the above In a very short period the supply Can be changed Can not be chaned Can be increased None of the above When supply curve moves to left, it means,