A levy of excise duty on consumption of an item consumed will ……………..

Related MCQs

• An imposition of excise duty would effect the demand of a product due to …………..
• X a consumer spends his entire income on two commodities A and (B) if price of A increases by 10% and his expenditure on item B remains same, then the price elasticity of item A is
• In question No. 207. If the price of item No. A instead of increasing falls by 25% and still his total expenditure as well expenditure on item B remains same, the price elasticity of A will be
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• In free economy the decision about investment, saving and consumption are decided by
• The opportunity cost of consumption is
• The relationship between aggregate consumption expenditure and aggregate income of household sector is known as ………………………. function.
• GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is
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• The slope of the consumption curve connotes