• Business Law MCQ 1

    Author: Maureen Miller @Open Course Library

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Questions & Answers

What do you mean the quantity demanded
Gay Reply
why do we have a positively sloping supply curve?
Reynolds Reply
why does supply curve has positive slope?
Reynolds
meaning there is a positive r/ship btn qty demanded and price
Josphat
an overview of efficient allocation resourcesin market economy
orkusa Reply
what do you mean by efficient allocation of resources in a market economy
orkusa
resources are allocated into profit maximasing businesses and to avoid wastage.
Betole
explain the concept of microeconomics
Kennaa Reply
what is mean by price elasticity
Kshitiz
diagram for Elastic supply
Ajuh Reply
what the characteristic of marketing and copetetion
Kennaa Reply
Price elasticity at a given price is not affected by what
Alfred Reply
how can i learn economics
Christopher Reply
What is d/t b/n micro Economics & macro economics?
Kaleb Reply
Why wont the app just let me look at other comments?
aaa Reply
Never mind i found out how lmao
aaa
the difference between microeconomis and macroeconomics
Prince
yes! tell me
Kaleb
Microeconomics is about individual economic behaviour whereas macro is about the economy as a whole
aaa
what is economics
KENESA Reply
ecnomics is the study of how society use there limited resources according to their unlimeted wants
Aj
some time it is also called the science of choice
Aj
You are right. I thing Economic is a world wide thought because we know that Economics is related in everywhere in our daily life.
Abdul
Where are you from?
Abdul
Me?
rajat
Lol
rajat
What is lol, man? And why?
Abdul
Lol means laugh out loud
aaa
Lots of love from India 😁😁😁
rajat
Where are you from?
aaa
From India
rajat
I am from Bangladesh.
Abdul
but why is economics considered as an inexact science
Prince
What do you do?
Abdul
I am a student of Economics Department at Dhaka University Final year.
Abdul
Im from UK
aaa
What do you do?
Abdul
Economics is considered as a social science because itbuses scientific methods to build up theories
aaa
Im from Ethiopia. 1st year Economics student!
Kaleb
what are disadvantages of government interacting with private sector to solve economic issues?
TUMUTUNGIRE Reply
There's going to be heavy labour expectation of labour from both the private and public sector
ADEYEMI
It depends how they interact
aaa
They good use price ceilings, price floors, taxes and VAT
aaa
They all have adv and disadvantages for both consumers and producers
aaa
what is arc method
Sandeep Reply
what is unitary elastic demand
Sandeep
what is low of demand full info?
Sandeep
Law of demand says that as price increases demand will decrease
aaa
And unitary elastic demand is when percentage change in the price of a commodotiy is equal to the percentage change in quantity demanded
aaa
law of demand States the higher the price the lower the quantity demanded and vice versa all other things being equal
Prince
what's the 7th law of demand and supply
Neba
what is shortrun
Rejoice Reply
short run is when at least one factor of production is fixed for example land
Nigel
explain the various de terminates of own price elasticity
Kwotega Reply

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Business Law MCQ Exam#1 BUS201

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Attribution:  Maureen Shellooe Miller. Open Course Library: BUS&201 Business Law. The Open Course Library. Washington State Board for Community & Technical Colleges, Jul. 2014. http://www.oercommons.org/courses/business-law-bus-201
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