मराठी

Any Statement Above Demand for a Good is Considered Complete Only When the Following Is/Are Mentioned in It. ( Choose the Correct Alternative) - Economics

Advertisements
Advertisements

प्रश्न

Any statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative)

a) Price of the good

b) Quantity of good

c) Period of time

d) All of the above

उत्तर

All of the above

Demand is the quantity which a consumer is willing and able to purchase at each possible price during a given period of time. So, the demand for a good is considered correct with four essential items i.e. the quantity of the commodity, willingness to purchase, the price of the commodity and period of time.

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2016-2017 (March) All India Set 1

संबंधित प्रश्‍न

Demand curve and Supply curve.


Demand deposits include (choose the correct alternative)

(a) Saving account deposits and fixed deposits

(b) Saving account deposits and current account deposits

(c) Current account deposits and fixed deposits

(d) All types of deposits


State the factors leading to fall in demand by an individual consumer


Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............


Write whether the following statement is True or False:

Demand curve has a positive slope.


Write whether the following statement is True or False: 

Salt has elastic demand.


State whether the following statement is TRUE and FALSE

Demand curve slopes upward from left to right.


Give reason or explain the following statement.

Demand curve slopes downward from left to right.


Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.


Distinguish between normal goods and inferior goods, with examples


State whether the following statement is true or false. Give reasons for your answer :
X and Y are complementary goods. A fall in the price of Y will result in a rise in the price of X.


We say that there is a decrease in demand when ______


Increase in price of substitute goods leads to ______


Identify the correct pair of items from the following Columns I and II:

Column I Column II
(1) Utility (a) Bread and butter
(2) Normal Goods (b) Rise in price
(3) Contraction in demand (c) Capacity of a commodity to satisfy human wants.
(4) Complementary goods (d) Positively related

Area under MC curve is equal to:


Which of the following is correct?


Read the following news report and answer the Q.97-Q.100 on the basis of the same:

The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the amount of the good that the consumer chooses at different levels of its price when the other things remain.

What is meant by the contraction of demand?


Which of the following is the reason behind the downward slope of demand option?


Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

The demand. for coca-cola has ______


The figure given below shows the relation between the quantity demanded for the good X and the price of the good Z. What type of goods are X and Z?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×