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Economics Mcqs — Test 46

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Question 1
A public good will ?
Question 2
If the price in a market is fixed by the government below equilibrium ?
Question 3
A reduction in the costs of production will ?
Question 4
Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?
Question 5
A movement along the demand curve may be caused by ?
Question 6
A movement along the supply curve may be caused by ?
Question 7
Which best describes consumer surplus ?
Question 8
A shift is demand will have more effect on price than quantity if ?
Question 9
If the price of good is equal to the equilibrium price ?
Question 10
A decrease (leftward shift) in the supply for a good will tend to cause ?