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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

Correct Answer : C.


Change in quantity demanded of a commodity is always due to change in price of that commodity)

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  5. 4.The Law of Diminishing Returns according to the modern view, applies to:
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  8. Which cost increases continuously with the increase in production?
  9. The nominal income of a consumer is income in terms of:
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  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:
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  15. In cournot model, firms face:
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  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:
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