A rise in price
No change in price
Price fluctuation
A fall in price
Correct answer is D
No explanation has been provided for this answer.
Demand for the commodity will rise
Demand for the commodity will fall
Supply of the commodity will be constant
Supply of the commodity will fall
Correct answer is B
No explanation has been provided for this answer.
In the analysis of utility theory, the basis of demand is
Marginal utility
Average utility
Fixed utility
Diminishing utility
Correct answer is A
No explanation has been provided for this answer.
What are inferior goods? These are goods
That are generally in short supply
That are no longer in demand
Whose demand falls as income increase
Whose price falls as demand increases
Correct answer is C
No explanation has been provided for this answer.
Marginal utility
Diminishing return
Total utility
Average utility
Correct answer is C
No explanation has been provided for this answer.