Normally, there will not be a shift in the demand curve when _________ – McqOptions

MCQOPTIONS

1.	Normally, there will not be a shift in the demand curve when ____________.
A.	price of a commodity falls
B.	consumers want to buy more at any given prize
C.	average income rises
D.	population grows
Answer» B. consumers want to buy more at any given prize

Discussion

No Comment Found

Related MCQs

Arrange the following products in the increasing order of price elasticities(A) Homogeneous products(B) Differentiated products(C) Necessities(D) Durable goodsChoose the correct answer from the options given below:
Match the items of List I with the items of List II and choose the correct answer from the code given below.List - IList - ii(a) Income elasticity less than unity(i) Competitive goods(b) Cross elasticity less than unity(ii) Inferior goods(c) Cross elasticity less than zero(iii) Superior goods(d) Income elasticity less than zero(iv) Complementary goods
A Production function expressed as\(Q=A[α K^{-β}+(1-α) L^{-β}]^{\frac{-1}{β}}\) or \(Q=A[α L^{-β} + (1-α) K^{-β}]^{\frac{-1}{β}}\) When A > 0, 0 -1Where L = Labour, K = Capital and A, α and β are three parameters is called1. Constant elasticity substitution function2. Variable elasticity substitution function3. Leontief - type function4. Cobb - Douglas function
Normally, there will not be a shift in the demand curve when ____________.
Find the marginal revenue of a firm that sells a product at a price of Rs. 10 and the price elasticity of demand for the product is (-) 2.
For a decline in price, Total Revenue (TR) increases if demand is ___________