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11. What is the measure of responsiveness of the quantity demanded to a change in its prices when all things remain the same? a) Price

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11. What is the measure of responsiveness of the quantity demanded to a change in its prices when all things remain the same? a) Price elasticity of supply b) Price elasticity of demand c) Cross price elasticity d) All of the above All the following are factors that cause a shift in demand except? a) Taste and preference b) Number of consumers c) Technology d) All of the above At what price does demand meet supply? a) Money price b) Relative price c) Equilibrium price d) All of the above . Fixed cost plus variable cost equals '2 Average cost Marginal cost Total cost Total variable cost The is the change in total production cost that comes om producing one additional unit? Total cost Average cost Marginal cost Fixed variable cost . The total cost per unit of output is called '? Average total cost Average variable cost Average xed cost Marginal cost

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