In question No. 286 if the price is increased to `11 per unit and the demand sharply falls to 20 unit, we can say that the goods are ……………..

Related MCQs

• If the question No. 286 despite reduction in price to `9.9 the demand for the product remains at 25 units we can say that the demand for the product is
• In question No. 286 if the price is reduced to `9 per unit the demand for the product instead of increasing fall down to 24 units, the goods can be ………..
• Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
• If in question No. 286 the price is reduced to `9 But the demand goes to 26 units what is the marginal revenue from sale of 26th unit
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