Other things being equal, a decrease in quantity demanded of a commodity can be caused by –

Related MCQs

• Extension or contraction of quantity demanded of a commodity is a result of a change in the -
• The demand curve shows that price and quantity demanded are -
• 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 -
• Elasticity of demand measures the responsiveness of the quantity demanded of a goods to a
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• The income elasticity of demand being greater than one, the commodity must be -
• In the law of demand, the statement "Other things remain constant" means -
• A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to -
• When the price of a commodity falls, we can expect -
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -