Economic S.S.2

Economic ss2

1 / 10

If price fall below the equilibrium

2 / 10

Which of the following is not classified as asserted government expenditures

3 / 10

_____ is used to adjust government revenue and expenditure so as to produce a desirable effect on the economy

4 / 10

Which of the following is a luxurious item

5 / 10

The major reason for change in quantity supplied is?

6 / 10

At the equilibrium price, quantity demanded is

7 / 10

Given the supply function Qs=2pH, the quantity supplied Q at the price of #4 is______ units

8 / 10

Public expenditure an education and health is known as expenditure of

9 / 10

A tax system in which all the players are taxed the same percentage of their incomes is refered to as

10 / 10

The market price of commodity is normally determine by the

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