Want satisfying power of commodity is called

Related MCQs

• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• …………a statement in the form of a table that shows the different quantities of a commodity that a firm or a producer offers for sale in the market at different prices.
• ……….. a schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price
• .………… means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
• A fall in the price of a commodity leads to
• Demand for a commodity is elastic when it has:
• The horizontal demand curve for a commodity shows that its demand is: