15 Demand is exceptional if A. price and quantity demanded has positive relationship. . price remains unchanged but quantity demanded changes. C. both price and quantity demanded remain unchanged. D. price and quantity demanded follow the law of demand. 16. 17. If consumer's income increases by 10 percent that caused demand for pizza to increase by 12 percent, then pizza can be considered as A. luxury good. B. necessity good. C. normal good. D. giffen good. As price of fresh fish declines, A. demand for fresh fish increases. B. demand for chicken increases. C. quantity demanded for fresh fish increases. D. quantity demanded for fresh fish cannot be determined. Below are the determinants of supply except A taste and preferences. B. prices of raw materials. C. government taxes and subsidies. D. seasonal factor. When government implements minimum price for fishery products, A. quantity demanded for fishery products will increase. B. producers will be encouraged to supply more of fishery products. C. demand curve for fishery products will shift to the right. D. price for fishery products will decrease. 18. 19. 20. A leftward shift of the market supply curve, ceteris paribus, causes equi ium price A B. C. D. to decrease and quantity to increase. to increase and quantity to decrease. and quantity to decrease. and quantity to increase