A mixed economy ?

A. Has supply but not demand
B. Has demand but not supply
C. Has supply and demand
D. Has market forces and government intervention

The public sector includes ?

A. Investors owning companies
B. Government ownership of assets
C. Market forces of supply and demand
D. All trade via barter

The basic economic problems will not be solved by ?

A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resources

________ and ___________ do not directly affect the demand curve ?

A. The price of related goods consumer income
B. Consumer incomes, tastes
C. The costs of production bank opening hours
D. The price of related goods preferences

A demand curve can shift because changing ?

A. Incomes
B. Prices of related goods
C. Tastes
D. All of the above

If a price increase of good A increases the quantity demanded of good B, then good B is a________________?

A. Substitute good
B. Complementary good
C. Bargain
D. Inferior good

An increase in consumer income will increase demand for a _________ but decrease demand for a?

A. Substitute good, inferior good
B. Normal good inferior good
C. Inferior good normal good
D. Normal good, complementary good

On a graph, a positive linear relationship___________________?

A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Moves down to the left

When we know the quantity of a product that buyers wish to purchase at each possible price we know_____________?

A. Demand
B. Supply
C. Excess demand
D. Excess supply

The equilibrium price clears the market it is the price at which _________________?

A. everything is sold
B. buyers spend all their money
C. quantity demanded equal quality supplied
D. excess demanded equals quantity