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Economics SSS2 Second Term
Test

Economics SSS2 Second Term Mid-Term Assessment

Economics SSS2 Second Term Mid-Term Assessment

25 questions · 25 points possible

  1. 01

    An increase in the demand for a goodwill cause

    • An increase in equilibrium price and quantity
    • A decrease in equilibrium price and quantity
    • An increase in equilibrium price and a decrease in equilibrium quantity
    • A decrease in equilibrium price and an increase in equilibrium quantity
  2. 02

    _______ occurs when many commodities are supplied for the satisfaction of a particular want

    • Joint supply
    • Composite supply
    • Competitive supply
    • Derived supply
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