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Economics
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21 Oct 2020

Which of the following examples is not usually a dependent variable of the latter?

    1. Quantity demanded on price of a good

    2. Quantity supplied on price of a good

    3. Real GDP on interest rate 

    4. Demand for a good on labor demand

      1.  

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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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Related questions

1. An increase in the price of a good will

a. increase quantity demanded

b. increase demand

c. decrease demand

d. decrease quantity demanded

 

2. An increase in the price of good will

a. decrease quantity supplied

b. increase quantity supplied

c. decrease supply

d. increase supply

 

3. An increase in price causes an increase in total revenue when demand is

a. inelastic

b. elastic

c. unit elastic

d. all of the above

 

4. Which of the following could be the price elasticity of demand for a good for which a price increase would decrease revenue?

a. 1.0

b. 0.6

c. 2.6

d. 0.9

 

5. Other things equal, when the price of good falls, the

a. quantity supplied of good increases

b. demand increases

c. supply decreases

d. quantity supplied of the good decreases

 

 

The demand curve for a good is a line that relates:

a. price and quantity demanded.

b. income and quantity demanded.

c. quantity demanded and quantity supplied.

d. price and income.

The demand curve for a good is 1) a line that relates price and quantity demanded. 2) a line that relates income and quantity demanded. 3) a line that relates quantity demanded and quantity supplied. 4) a line that relates price and income.

The law of demand says that the lower the price of good, other things constant is?

a) the smaller demand for that good.

b) the larger demand for that good.

c) the smaller the quantity demanded that good.

d) the larger the quantity demanded that good.

e) the smaller the real income of consumers and the lower the quantity demanded that good.

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