The horizontal demand curve for a commodity shows that its demand is:

Related MCQs

• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• Exceptional Demand Curve (Perverse demand curve)
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• 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 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.
• In the case of unitary elastic demand, the shape of demand curve is
• .………… means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
• Demand for a commodity is elastic when it has: