Extension (expansion) of demand means:

A. More quantity demanded at a lower price

B. More quantity demanded at a higher price

C. More quantity demanded at the same price

D. None of the above

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

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  1. Which of the following is not a property of indifference curve?
  2. Which of the following formula determine the income elasticity of demand?:
  3. The ordinal approach was presented by:
  4. Who first used the term Quasi-Rent?
  5. Duopoly is a market where there are:
  6. Law of Diminishing Marginal Utility is practically untrue because:
  7. With the decrease in marginal valuation of a specific commodity, the price offered by the people:
  8. Theory of revealed preference is based on:
  9. The isoquant approach is based upon:
  10. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  11. In the case of complements, the cross demand curve slopes:
  12. Production indifference curve (isoquant) is a curve which shows:
  13. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  14. If in the long run, output increases in the same proportion as increase in all the input in the given…
  15. Of the following commodities, which has the lowest price-elasticity of demand?
  16. At a point below the middle of a straight line demand curve, elasticity of demand is:
  17. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  18. At the shut-down point in perfect competition:
  19. According to Diamond Water Paradox diamonds are more expensive than water because:
  20. Which of the following is not a characteristic of a perfectly competitive market?
  21. The spending of money by the producer to influence consumers is an example of:
  22. If the commodities X and Y are perfect substitutes then:
  23. If the commodity is normal then price effect is:
  24. Marginal Utility (MU) curve is always:
  25. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  26. Which industries spend a relatively large share of their revenue on research and development in order…
  27. The indirect utility function is a homogeneous function of:
  28. Price elasticity of demand is best defines as:
  29. The greater the percentage of income spent on a commodity:
  30. The sufficient condition of firms equilibrium requires: