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प्रश्न
Define or explain the following concepts (Any THREE):
Cross elasticity of demand
उत्तर
It refers to the responsiveness of quantity demand of 'X' commodity with given change in the price of 'Y' commodity assuming that except prices of 'Y' commodity all other conditions of demand remains same.
APPEARS IN
संबंधित प्रश्न
Write short notes Significance of price elasticity of demand.
Explain with reason, whether you agree or disagree with the following statement:
Price elasticity of demand can not be measured by using geometric method.
Answer the following Questions. [Any Three]
Explain the imprtance of elasticity of demand.
Give reasons or explain the following statements (Any Four):
The demand curve is sloping down from left to right.
Do you agree with the following statement? Give reason
Explain determinants of market demand.
Answer the following question :
Explain the concept of Elasticity of Demand
Answer the following question :
Explain the importance of concept of Elasticity of Demand for international trade.
State with reason whether you agree or disagree with the following statement.
Various factors influence Elasticity of Demand
State with reason whether you agree or disagree with the following statement.
Total outlay method is one of the methods of measuring Elasticity of Demand.
