……… shows the change in quantity demanded as a result of a change in consumers’ income

Related MCQs

• 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
• The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called
• Law of demand shows the functional relationship between _______ and quantity demanded
• Law of demand shows the functional relationship between ………….and quantity demanded
• when income increases, quantity demanded falls, it is
• An increase in income may lead to an increase in the quantity demanded, it is
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded falls due to a rise 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: