The action taken by a buyer or seller to product his business or assets against a change in prices is called

Related MCQs

• seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as -
• The prices that are set by government rather than by negotiation between a seller and a buyer are known as
• An arrangement between a seller and buyer under which a period of credit is allowed before payment is called:
• In an organized market, an intermediary between a buyer and a seller is called:
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• When average product of an input is at its maximum then :........ note:(AP= Average product) (MP= Marginal product.)
• If total product is at its maximum then:....... note:(AP= Average product) (MP= Marginal product.)
• 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