Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

Contraction in demand occurs when:

A. Price increases and demand decreases

B. Price increases but demand also increases

C. Price remains constant but demand falls down

D. Price falls down but demand remains constant

Correct Answer :

A. Price increases and demand decreases


Share this question with your friends
Show all Basics of Economics MCQ

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

Submit
Load More..

Related Questions

In the case of a normal goods, the income effect: Marshalls definition of economics was strongly criticised by: Social costs equal private costs when: In Revealed Preference Theory, a consumer reveals preference for bundle… The external economies of scale experienced by a firm include the: The Law of Diminishing Marginal Returns can be explained in terms of: In case of monopoly: Income distribution effects: The factors of production in perfect competition are: According to Leontief technology, there: The main contribution of Prof.Robbins is in the field of: If a new production technology for producing compact discs is developed… When SAC curve rises, SMC curve lies its: Cross-elasticity of demand is measured as: A firm will be in equilibrium when the lowest isocost is: If the price of coffee increases, you would predict that: The elliptical isoquant represents the: The demand curve in monopolistic competition (also in kinked demand curve… Under which of the following forms of the market structure does a firm… A producer attains the least cost combination when the relation between… When total revenues equal to total opportunity cost then the firm will… The indifference curve technique: Some farm land can be used to produce either corn or soybeans. If the… Change in demand (rise and fall of demand) is: In case of straight-line isoquant, the factors are not substituted because… In real life firms: If cross-elasticity of one commodity for another turns out to be zero,… With the change in the factor prices, the slope of the expansion path… An increase in the price of the good measured on the horizontal axis causes: The fundamental choices that a society must make about the use of its…

Also checkout

Current Affairs August 2023 MCQ AP English Language and Composition MCQ Rotational Motion MCQ Nature and Scope of Biology MCQ Bryophyta MCQ Gaming Industry MCQ Middle English Literature MCQ Thermodynamics MCQ Numbers MCQ Aldehydes and Ketones MCQ Current Affairs November 2022 MCQ Chain Rule MCQ