Economic S.S.2

Economic ss2

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The market price of commodity is normally determine by the

2 / 10

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

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Public expenditure an education and health is known as expenditure of

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Which of the following is a luxurious item

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At the equilibrium price, quantity demanded is

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If price fall below the equilibrium

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The major reason for change in quantity supplied is?

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Which of the following is not classified as asserted government expenditures

9 / 10

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

10 / 10

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

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