A fall in the price of a commodity leads to

Related MCQs

• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• 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
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• ……….. a schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price
• The relationship between demand for a commodity and price, ceteris paribus, is:
• When a small change in price leads to infinite change in quantity demanded, it is called
• In the case of ………… a small change in price leads to very big change in quantity demanded