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Multiple Choice Questions [2 marks each! A is a network that enables buyers and sellers to exchange goods and services as well as information a)

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Multiple Choice Questions [2 marks each! A is a network that enables buyers and sellers to exchange goods and services as well as information a) Demand In) Market c) Demand schedule d) Market is the measure of opportunity cost for a good a) Service In) Money price c) Cost d) Relative price The price of a laptop is $250 and the price of a printer is $50. Find the relative price for laptop? a) 15 printers b) 0.2 printers c) 5 printers d) 12500 printers is an expression of consumer's plan or intention to buy? a) Demand b) Quantity demand c) Good d) Supply is a graphical representation of the supply schedule? a) Demand b) Demand curve c) Supply curve d) Marginal Benet states that there is a positive relationship between price and quantity supplied a) Law of demand In) Theory of production c) Law of supply d} Eouilibrium

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