The relationship between demand and price is

Related MCQs

• The relationship between supply and price is
• If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then the average revenue is
• If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then the average revenue is
• Functional relationship between input and output is called
• If close substitutes are available, then the elasticity of demand will be
• Cross price elasticity may not always be
• A given percentage change in price results in an equal percentage change in sales, indicates:
• Sum of explicit cost and implicit cost gives:
• For two goods 1 and 2, if E12 > 0 implies that the two goods are
• If fxxfyy < (fxy)2 when fxx and fyy are of the same sign, then the function is at