Other things remaining the same, the quantity of a product demanded increases with ------------ in price.

Related MCQs

• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
• An increase in market demand, supply remaining the same results in
• A fall in the market demand, supply remaining the same results in
• As income increases consumption also increases, but:
• There is ------- relationship between price and quantity supplied
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.
• Change in quantity supplied of a product can result from
• When marginal product reaches its maximum, what can be said of total product?