
A.
B. It is the summation of individual supply schedules
C. It is important for economic analysis
D. It is also called market supply
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A. Individual supply
B. Aggregate supply
C.
D.
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A.
B.
C.
D. Aggregate supply
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A.
B.
C. A rise in price increases the purchasing power of the consumer
D.
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A. The commodity is a giffen good
B. There is fear of a future increase in price of commodities
C.
D. It is an ostentatious good
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A. Indirectly proportional or related
B. Directly proportional or related
C. Inversely related
D. Constantly proportional
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A. The quantity demanded of a commodity increases as the price increases
B. The quantity demanded of a commodity decreases as the price decreases
C. The quantity demanded of commodity increases as the price decreases
D. The quantity demanded of a commodity increases as the price remains constant
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