Class XII

The factor that causes a change in quantity demanded is
  1. Price of the given good
  2. Price of the complementary good
  3. Price of the inputs
  4. Price of the substitute good
unfavorable change in the taste for a good leads to
  1. Contraction of the demand for the given good
  2. Shift of the demand curve of the given good only
  3. Shift of the demand and supply curves of the given good
  4. Shift of the demand and supply curves of the given good
An increase in demand imply an increase in price but no change in quantity if
  1. Supply is perfectly elastic
  2. Supply is unitary elastic
  3. Supply is less elastic
  4. Supply is perfectly inelastic
Market for a good is in equilibrium. A decrease in demand for the good will
  1. Raise the price
  2. Price is unaffected
  3. Lower the price
  4. Only quantity exchanged is affected
The factor that causes a change in demand is
  1. The factor that causes a change in demand is
  2. An improvement in technology
  3. Price of the given good
  4. Price of the substitute good
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