Question
Movement along a demand curve as a result of change in
price is known asÂSolution
A change in quantity demanded due to an increase or decrease in price while all other factors remain constant is known as Movement along the same Demand Curve. A change in demand as a result of a change in variable other than the commodity's own price is known as a Shift in Demand Curve
Shifts in demand curve as shown in the figure below represents
Which buying behaviour involves high involvement?
A table indicating various levels of demand at various prices is termed as
Which one of these is an exception to the law of demand?
Elasticity of demand is based on which of the following factors?
When the economist speaks of an increase in demand, he is usually referring to a ____________________
A high value of cross-elasticity indicates that the two commodities are
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Which of the following is/are the causes of demand curves moving downwards to the right?
The reasons for L-shaped long run average cost curve is/are
