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

Related MCQs

• If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:
• 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:
• In the case of normal goods, the quantity demanded varies inversely with:
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• An increase in market supply, demand remaining the same causes:
• An increase in market demand, supply remaining the same results in:
• A fall in the market demand, supply remaining the same results in:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• Other things being equal a decrease in demand can be caused by