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प्रश्न
Give reasons or explain the following statements (Any Four):
The demand curve is sloping down from left to right.
उत्तर
Yes, the demand curve slopes downward from left to right. Demand curve is the graphical representation of the relationship between the demand for a good and its price, for a given income, price of related goods, tastes and preferences. This curve slopes downwards from left to right because of the negative relationship between price of the commodity and its demand.
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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.
Define or explain the following concepts (Any THREE):
Cross elasticity of demand
Answer the following Questions. [Any Three]
Explain the imprtance of elasticity of demand.
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.
