The effect on sales of an increase in price is a decrease in:

Related MCQs

• If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• An increase in income may lead to an increase in the quantity demanded, it is
• What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods
• ………….. is the change in total revenue irrespective of changes in price or due to the effect of managerial decision on revenue
• Selling at a lower price in export market and at a higher price at home market is called
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• The firm charges price in tune with the industry’s price is called
• …………Method is also known as Sales‐ Force –Composite method or collective opinion method
• ………. means the total receipts from sales divided by the number of unit sold.