If both the disposal income as well as number of suppliers of a product rises, the equilibrium

Related MCQs

• If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the
• 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 disposal income of a household increases by 10% and the demand for bread falls by 5%. The income elasticity of bread is
• If the disposal income of a household increases by 10% and the demand for X commodity increased by 25%. The income elasticity of X is
• If the disposal income of a household increases by 10% and the demand for X commodity increased by 10% the income elasticity of X is
• If the disposal income of a household decreases by 10% and the demand for X commodity remains same. The income elasticity of X is
• 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
• From the following equation estimated consumption when disposal income is `1000 is C = `200+0.80Yd
• 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