…………… is the degree of responsiveness of supply to changes in the price of a good

Related MCQs

• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called
• In case of …….. quantity demanded changes less than proportionate to changes in price
• The responsiveness of demand due to a change in promotional expenses is called
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a
• ………….. is the change in total revenue irrespective of changes in price or due to the effect of managerial decision on revenue
• ……….. a schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price
• What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods
• Selling at a lower price in export market and at a higher price at home market is called
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is: