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ECONOMICS BASICS Flashcards | StudBud

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1. Demand curve is _________ sloping curve

2. Demand is _________ related to price

ECONOMICS BASICS

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Questions 5

Answers

1
2. Demand is _________ related to price
Positively
Inversely
2
1. Demand curve is _________ sloping curve
Negatively
Positively
3
3.Supply is _______ related to price
Positively
Negatively
4
5. Concept of surplus value is coined by Karl Marx
True
False
5
4. Say's law of market states that, supply creates it's own demand.
True
False