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प्रश्न
What is demand function?
उत्तर
Demand function expresses the relationship between the demand for a commodity and the factors determining demand.
संबंधित प्रश्न
What will be the impact of a rise in price on the demand for its complementary goods?
If due to fall in the price of good X, demand for Y rises, the two goods are ______.
Mobile phones and SIM cards are examples of ______.
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
What do you mean by substitute goods?
What do you mean by complementary goods?
Explain the impact on demand of complementary goods.
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
Explain any three determinants of market demand.
Give the meaning of Price demand.
Define complementary goods.
Give an example of inferior goods.
Give an example of Giffen goods.
Given an example of Veblen goods.
When income increases, the demand for ______ type of good will increase.
