Change in price of the goods cause

Related MCQs

• ……………… is an index of price change for goods and services included in GDP
• If the price elasticity of demand for wine is estimated to be -.6, then a 20% increase in price of wine will lead to ………………….in quantity demanded of wine at that price
• If the price elasticity of demand of Chicken is +.95. then a 20% increase in price of chicken will lead to in quantity demanded of chicken at that price
• 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
• What will happen to the equilibrium price and quantity of peanut butter if peanuts increase in price and the price of jelly decreases?
• Which of these is not a cause of price discrimination
• Change in cost of production of the concerned goods causes
• Change in consumers tastes and preference causes – of the particular goods
• The measurement of sensitivity of quantity demand to change in price is calle(d)
• As per total outlay method, demand is said to be elastic if as result of change in price total outlay