Rate of change in savings to change in income:

Related MCQs

• According to classical economists, variations in savings are due to:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• Change in utility resulting from one unit change in consumption is called:
• Change in demand due to a change in the price of related good :
• Change in demand due to change in relative price alone is called:
• The change in demand is due to the change in :
• If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
• When individuals income falls (everything remain the same) his demand for an inferior good
• If negative income effect is greater than positive substitution effect : the product will be
• If negative income effect is less than positive substitution effect : the product will be