If the price of tea rises and that of coffee falls

Business Management Mcqs
BILAL KHATTAK0

A.More tea will be bought
B.More coffee will be bought
C.More sugar will be bought
D.More tea and less coffee will be bought
E.Demand will depend upon the price difference

Related Mcqs:

  1. The price which covers the variable cost as well as the fixed price is
  2. If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as
  3. She begins her day with a cup of coffee.
  4. Price elasticity of demand is best defined as
  5. Sellers reserve price means
  6. reduction in price is called:?
  7. A monopolist can charge a high price only for those commodities which have
  8. The elasticity of demand explains the relationship between
  9. A decrease in the quantity supplied to the market at given prices leads to
  10. If we assume that price decreases as total expenditure increases, we may conclude that

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