When the change in demand is exactly equal to the change in price, 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 tyres depends on demand of vehicles, the demand for tyres called as
• 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
• When a small change in price leads to infinite change in quantity demanded, 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
• In the case of ………… a small change in price leads to very big change in quantity demanded
• Higher the price of certain luxurious articles, higher will be the demand, this concept is called
• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called