In Fisher’s equation of exchange MV=PT, the variation of which produces a proportional change in price:

Related MCQs

• Change in demand due to a change in the price of related good :
• Change in demand due to change in relative price alone is called:
• If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
• In the Fisher’s extended equation of exchange MI VI represents:
• Rate of change in savings to change in income:
• Change in utility resulting from one unit change in consumption is called:
• The change in demand is due to the change in :
• When both the price of a substitute and the price of complement of X rises, the demand for X:
• If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is