Which of the following is the reason for law of demand:
A) price effect
B) backlash effect
C) income effect
D) real balance effect
Correct Answer:
Verified
Q9: If the income elasticity of demand for
Q10: Cross elasticity of demand in the case
Q11: If a small change in price leads
Q12: Net addition to total utility when one
Q13: Most important determinant of demand is :
A)income
B)wealth
C)price
D)advertisement
Q15: Net addition to total cost is called:
A)marginal
Q16: The market equilibrium for a commodity is
Q17: When there are only few sellers of
Q18: If the supply curve of the commodity
Q19: From the position of stable equilibrium, the
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