Increase in Demand is also known as – in economics

Related MCQs

• The field of economics that is now called Macroeconomics grew out of the era of the Great Depression, which saw the economy experience a prolonged downturn and persistent high unemployment. Classical economics could not explain these problems because its models assumed all of the following EXCEPT
• A goods can be considered inferior goods in economics if increase in disposal income of the consumer causes
• A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes
• Which of the following is not a method of measurement of price elasticity of demand in economics
• Increase in price of a product reduces the purchasing power as a result of which demand for a product goes up. This effect is known as
• In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the family with no additional increase in farm output. This type of unemployment is known as
• Decrease in Demand is also known as
• Which of these costs will increase or decrease with increase in production
• An increase in price will result in an increase in total revenue if
• If price of X falls leading to increase in total outlay on X, the demand of X is