A.elastic demand
B.inelastic demand
C.no demand
Related Mcqs:
- If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as
- A vertical demand curve for a commodity shows that demand is
- If a reduction in prices increases revenue, then the demand curve is said to be
- If we assume that price decreases as total expenditure increases, we may conclude that
- Price elasticity of demand is best defined as
- According to the Kinetic theory of gases the collision between the molecules are assumed to be
- A material which recovers fully after unloading but not instantaneously is known as
- Demand for necessary goods is:
- When supply is fixed, the market price is determined by
- The demand for luxuries is
