According to Modern approach, law of demand is caused by

Related MCQs

• Traditional approach to law of Demand was propounded by
• According to traditional approach the factor responsible for operation of downward slope of demand curve are
• According to law of demand
• Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called
• If the price of coffee falls by 8% and the demand for Tea declines by 2%. The corss price elasticity of demand for Tea is
• Shift in Demand curve or change in Demand curve occurs due to
• The demand for a product is 25 units when the price is `10, however the demand rises to 26 when the price is reduced to `9.9 per unit. The marginal revenue from production and sale of additional unit from 25 to 26 is
• If the question No. 286 despite reduction in price to `9.9 the demand for the product remains at 25 units we can say that the demand for the product is
• If supply and demand both shift outward, but demand shifts outward more than supply, the equilibrium price
• Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?