When the quantity demanded of a commodity rises due to a fall in price, it is called

Related MCQs

• When the quantity demanded of a commodity rises due to a fall in price, it is called
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity 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 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 falls due to a rise in price, it is called
• When a small change in price leads to infinite change in quantity demanded, it is called
• The relationship between price and quantity demanded is
• In the case of ………… a small change in price leads to very big change in quantity demanded
• In case of …….. quantity demanded changes less than proportionate to changes in price