According to traditional approach the factor responsible for operation of downward slope of demand curve are

Related MCQs

• Which of the following faces a downward sloping demand curve
• Shift in Demand curve or change in Demand curve occurs due to
• The elasticity of a demand curve with a constant slope
• Traditional approach to law of Demand was propounded by
• The slope of the consumption curve connotes
• The slope of total variable cost curve equals……………..
• According to Modern approach, law of demand is caused by
• Market demand curve for a commodity is………………
• Change in quantity demanded or Movement along demand curve occurs due
• The individual demand and supply curve of a product are Dx = 12-2px, Sx=3+5px, where Px stand for price and Dx and Sc respectively stands for quantity demanded and quantity supplie(d) If there are 5000 consumers and 1000 suppliers for the product under question. What will be the equilibrium price