EASY
CA Foundation
IMPORTANT
Earn 100
When, as a result of increase in price, the quantity demanded decreases, it is called as _____.
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Important Questions on Theory of Demand and Supply
EASY
CA Foundation
IMPORTANT
The change in demand will be regarded as expansion of demand, if the increase in quantity demanded is due to _____.
EASY
CA Foundation
IMPORTANT
_____ refers to a change along a curve i.e. movement from one point to another on the same curve.
EASY
CA Foundation
IMPORTANT
A movement along the demand curve for soft drinks is best described as :
EASY
CA Foundation
IMPORTANT
An increase in price will result in an increase in total revenue if :
HARD
CA Foundation
IMPORTANT
The price elasticity of demand at the midpoint of the straight line demand curve under point method is ____
MEDIUM
CA Foundation
IMPORTANT
If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
MEDIUM
CA Foundation
IMPORTANT
If, as people's income increases, the quantity demanded of a good decreases, the good is called
MEDIUM
CA Foundation
IMPORTANT
Suppose potatoes have as income elasticity. We can say from the data given that:
