The price of a commodity is the same as

Related MCQs

• 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 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 equilibrium price of a commodity will definitely rise if there is a/an:
• The relationship between price of a commodity and the demand for it -
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• The excess of price a person is to pay rather than forego the consumption of the commodity is called -
• When the price of a commodity falls, we can expect -
• When price of a substitute of commodity falls, the demand for -
• A tax levied as a proportion of the retail price of a commodity at the point of sale is called: