Other questions in this quiz

2. The fall in QD due to a rise in price

  • Income
  • Contraction of Demand
  • Extension of Demand

3. (PASIFIC)

  • Factors Which Shift the Equilibrium
  • Factors Which Shift Demand
  • Factors Which Shift Supply

4. A tax placed on a good/service which is a percentage of a price

  • Ad Valorem
  • Price
  • Ceteris Paribus

5. A situation where there is only one firm selling in a market

  • Monopolization
  • Monopoly
  • Monopoly Power

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