hoose the letter of the correct/best answer. ____1. It summarizes the transactions between the consumer and producer. A. Circular Flow C. Interactions B. Illustrations D. Figures ____2. It shows that when price increases, quantity decreases. A. Law of Supply C. Law of Demand B. Law of the concept of Supply D. Law of the concept of Demand ____3. It shows that when price increases, quantity increases also. A. Law of Supply C. Law of Demand B. Law of the concept of Supply D. Law of the concept of Demand ____4. The relationship between price and quantity in the law of demand is _____. A. Positive C. Indirect B. Direct D. Negative ___5. The relationship between price and quantity in the law of supply is _____. A. Indirect C. Negative
Choose the letter of the correct/best answer.
____1. It summarizes the transactions between the consumer and producer.
A. Circular Flow C. Interactions
B. Illustrations D. Figures
____2. It shows that when price increases, quantity decreases.
A. Law of Supply C.
B. Law of the concept of Supply D. Law of the concept of Demand
____3. It shows that when price increases, quantity increases also.
A. Law of Supply C. Law of Demand
B. Law of the concept of Supply D. Law of the concept of Demand
____4. The relationship between price and quantity in the law of demand is _____.
A. Positive C. Indirect
B. Direct D. Negative
___5. The relationship between price and quantity in the law of supply is _____.
A. Indirect C. Negative
B. Direct D. Positive
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