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Exam (elaborations)

MBA 701 - MODULE 1 EXAM 2025/2026 QUESTIONS AND ANSWERS 100% PASS

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MBA 701 - MODULE 1 EXAM 2025/2026 QUESTIONS AND ANSWERS 100% PASS

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  • mba 701 module 1 exam questions and an

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MBA 701 - MODULE 1 EXAM 2025/2026
QUESTIONS AND ANSWERS 100% PASS




Demand - price goes up - ANS quantity demand goes down


Demand - price goes down - ANS quantity demand goes up


Negative (or inverse) relationship - ANS between price and quantity demanded


Supply - price goes up - ANS quantity supply goes up


Supply side - ANS business


Demand side - ANS consumer behavioral (maximize utility)


When the price goes up - ANS more people want to supply quantity


"Normal" good - income of consumer goes up - ANS demand goes up


"Normal" good - demand curve shifts - ANS to the right


"Normal" good - keep supply constant, higher price - ANS and quantity goes up (more
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