If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -

Related MCQs

• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will -
• The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called
• The demand for which of the following commodity will not rise in spite of a fall in its price?
• The relationship between price of a commodity and the demand for it -
• When price of a substitute of commodity falls, the demand for -
• The excess of price a person is to pay rather than forego the consumption of the commodity is called -
• 'Law of demand' implies that when there is excess demand for a commodity, then