Change in quantity demanded refers to:

A. Upward shift of the demand curve

B. Downward shift of the demand curve

C. Movement on the same demand curve

D. None of the above

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  1. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  2. Price mechanism has also given the name:
  3. Marginal revenue from a given output:
  4. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  5. 4.The Law of Diminishing Returns according to the modern view, applies to:
  6. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  7. In second degree price discrimination, monopolist takes away :
  8. Which cost increases continuously with the increase in production?
  9. The nominal income of a consumer is income in terms of:
  10. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  11. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  12. If the commodity is normal then fall in price will result in:
  13. We can obtain consumers demand curve from:
  14. Which industries spend a relatively large share of their revenue on research and development in order…
  15. In cournot model, firms face:
  16. The longer the period of time, the elasticity of supply will be:
  17. Profits of a firm will be calculated taking into account the units produced and the difference between:
  18. In the range of excess capacity, the average costs are:
  19. By scarcity the economist means that all goods are scarce relative the peoples:
  20. The firms in non-cooperative games:
  21. Cross-demand curve shows:
  22. At a point above the middle of a straight line demand curve, elasticity of demand is:
  23. Social costs equal private costs when:
  24. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  25. On the total utility curve the economically relevant range is the portion over which:
  26. If a firm is producing output at a point where diminishing returns have set in, this means that:
  27. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  28. A mixed economy is characterized by the coexistence of:
  29. Excess capacity is concerned with the:
  30. The relationship between MC and MP shown by the marginal cost concept is: