The ___ is the amount of goods and services that buyers are willing and able to buy at different prices and conditions given at a given time
Demand
The other two answers are correct
Supply
An example of ___ good is chicory
The other two answers are correct
An inferior
A normal
If the products are ___, the higher the price of one of them, the lower the demand for the other (if the rest of the circumstances are kept constant)
Substitutes
Complementary
The other two answers are correct
When income increases, the demand curve for normal goods shifts towards ___
The other two answers are correct
Left
Right
Examples of ___ goods are diamonds or luxury cars
The other two answers are correct
Giffen
Veblen
The ___ curve usually slopes upward from left to right
Supply
The other two answers are correct
Demand
At a higher cost, ___ supply
Less
The other answers are correct
Higher
By agreement it was established that when the elasticity is between zero and one, it is sait to be ___
Elastic
Inelastic
The other answers are correct
The supply of a new housing is very ___
Elastic
The other answers are correct
Inelastic
The direction of the inclination of the labor supply may change ___ for some individuals
More than once
Once
None ot the other answers is correct
Any oversupply would lead to price cuts that ___ the quantity demanded
Would decrease
Would increase
The other answers are correct
The issue of ___ demand is often used as an argument against widening the roads
Derivative
Induced
The other answers are correct
Production under perfect competition will always tend to ___
Marginal costs equal average costs
The other answers are correct
Marginal costs equal marginal revenue
In perfect competition, in the long term, the arrival of new companies or the expansion of existing ones in the market causes the average income curve of each company to shift ___
Downwards
The other answers are correct
Upwards
In Greek, "monos" means ___
The other answers are correct
Only
Same
Pure monopolies are said to "face a ___ demand"
Vertical sloping
Downward sloping
Horizontal sloping
___ is a combination of two companies in a larger one
The other answers are correct
An acquisition
A merger
It is known as ___ takeover when a smaller company will acquire management control of a larger or older company and retain its name for the combined entity
Reverse
Against nature
The other answers are correct
___ competition is a very common market structure where many competitive producers sell very similar products that are differentiated from each other by some variable (that is, the products are close substitutes, but not exactly the same)
Imperfect
Monopolistic
Perfect
In greek, "oligo" means ___
One
A lot of
Few
In perfect competition it is said that companies are ___
Price-accepting
Price-determinants
The other two answers are correct
According to the Georgists, the supply of land has ___ elasticity
One
Zero
The other answers are correct
The supply of doctors is much more ___ than the supply of cleaning employees
The other answers are correct
Elastic
Inelastic
The main determinants of the capital market are ___