5. Our Subjects › Business › Economics › Geography › Health & Social Care › History › Law › Politics › Psychology › Sociology. [C] as a product's price rises, consumers buy less of other goods. 8. MCQ quiz on Economics multiple choice questions and answers on Economics MCQ questions quiz on Economics objectives questions with answer test pdf. the quantity of a good or service that businesses are willing and able to provide. Save. Products and money used in the production of goods & services. 0. Answer: Option [D] 10. Ollie1223. Practice. Things that consumers can purchase and they can see and touch. Which of the following is the best formula of the production function? The Nature of Economics. Individuals and organizations that determine what products and service will be available for sale. Money that a business has left over after all the expenses and costs of running the business are paid. Study Business Economics I using smart web & mobile flashcards created by top students, teachers, and professors. USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  Netherland  South Africa  Ethiopia  Zambia  Singapore  Malaysia  India  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  and many more.... © 2019 Copyright Quiz Forum. Business Economics multiple choice questions and answers on Business Economics MCQ questions quiz on Business Economics objective questions. Prep for a quiz or learn for fun! Edit. Created by. [B] there is a direct relationship between price and quantity demanded. 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