When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called

Related MCQs

• The change in demand due to change in price only, where other factors remaining constant, it is called……….
• The change in demand due to change in price only, where other factors remaining constant, it is called……….
• Demand for necessary goods (salt, rice, etc,) is……….and demand for comfort and luxury good is
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• .………… means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
• ………… means an attempt to determine the factors affecting the demand of a commodity or service and to measure such factors and their influences
• The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:
• Demand for tyres depends on demand of vehicles, the demand for tyres called as
• For the commodities like salt, sugar etc.,the income elasticity will be
• If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a