An imposition of excise duty would effect the demand of a product due to …………..

Related MCQs

• A levy of excise duty on consumption of an item consumed will ……………..
• 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
• 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
• The demand for a product is 25 units when the price is `10, however the demand rises to 26 when the price is reduced to `9.9 per unit. The marginal revenue from production and sale of additional unit from 25 to 26 is
• Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?
• Shift in Demand curve or change in Demand curve occurs due to
• If an Individual Y has a demand of 6 units of the product of market price of the product will be ………….. (Ref. Q. No. 269)
• If there are 5000 customers for the product, the aggregate market demand for the product at market price `2 in the question No. 269 will be ………….
• 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
• If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is