Change in demand (rise and fall of demand) is:

A. Due to change in price while other factors remain constant

B. Due to change in factors other than price

C. Both a and b

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In short run, a firm can change its:
  2. If the price of coffee increases, you would predict that:
  3. Variable costs refer to:
  4. Cross-elasticity of demand is measured as:
  5. 4.The Law of Diminishing Returns according to the modern view, applies to:
  6. In the case of a normal goods, the income effect:
  7. Production function relates:
  8. On all points of budget (price) line:
  9. Increasing return to scales can be explained in terms of:
  10. According to Saint Thomas Aquinas value is determined by God, but prices by:
  11. The act of producing the output from more than one plant is concerned with:
  12. Revealed Preference Theory was presented by:
  13. Identify the author of The Principles of political Economy and Taxation:
  14. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  15. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  16. At final equilibrium in cournot model, each firm sells:
  17. In cournot model firms:
  18. The production function of homogeneous of degree one (n=1) is also called:
  19. In monopolistic competition, the firm take advantage due to customers:
  20. Two policy variables, product and selling activities in the theory of firm was introduced by:
  21. The external economies of scale experienced by a firm include the:
  22. If the demand curve is horizontal then its slope is:
  23. Selling costs are incurred under monopolistic competition to:
  24. Most of the supply curves with which the average consumer deals are:
  25. For the given production function, technical inefficiency is defined as:
  26. The behavior of MC curve is determined by the behavior of the:
  27. In Prisoners Dillemma, the players are:
  28. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  29. The difference between laws of return and laws of return to scale is:
  30. If the price of product A decreases and in the result the demand for product B increases then we can…