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प्रश्न
Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative)
a) Price of good falls, expenditure on it rises
b) Price of the good falls, expenditure in it falls
c) Price of the good falls, expenditure on it remains unchanged
d) Price of the good rises, expenditure in it falls
उत्तर
Price of the good falls, expenditure in it falls
Demand for demand is inelastic through the expenditure approach when the price of the good falls and expenditure also falls.
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संबंधित प्रश्न
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
Define demand. Name the factors affecting market demand.
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a) Price of the good
b) Quantity of good
c) Period of time
d) All of the above
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Effective demand .
Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
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Perfectly inelastic demand curve is parallel to ‘X’ axis.
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Demand curve has a positive slope.
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
Fill in the blank with appropriate alternatives given below:
When less is purchased at the constant price, it is called _______ in demand.
State whether the following statement is TRUE and FALSE
Law of demand is explained by Prof. Robbins.
State whether the following statement is TRUE and FALSE
Individual demand is a demand by single buyer.
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.
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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.
In which of the following cases there will be leftward shift in demand?
Which of the following statements is true?
Which of the following statements is true?
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?
