The quantity demanded of a product increases when

Related MCQs

• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• Fixed cost per unit increases when
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• Product differentiation is an important feature of
• The elasticity of demand for a product will be higher:
• When average product is falling, it is