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If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the same when its price goes up, it is called:

A. Contraction of demand

B. Decrease in demand

C. Increase in demand

D. Extension of demand

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

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  1. Who wrote An Introduction to Positive Economics?
  2. In substitution effect and income effect:
  3. The total utility is gained by consuming:
  4. An indifference curve normally slopes downward from:
  5. The demand of the necessities is:
  6. Necessary condition for consumer equilibrium is:
  7. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  8. According to current thinking, the law of diminishing returns applies to:
  9. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  10. In case of short-run, the supply curve of an industry is the horizontal summation of:
  11. Under which of the following forms of the market structure does a firm have no control over the price…
  12. Contraction of demand means:
  13. The law of variable proportions comes into being when:
  14. In Recardian theory of value, the stress has been made on:
  15. Most of the supply curves with which the average consumer deals are:
  16. The situation of single buyer and single seller is called:
  17. The output where TC = TR & AC = AR:
  18. When marginal costs curve cuts average costs curve, average costs are:
  19. In the case of substitutes, the cross demand curve slopes
  20. Any straight line supply which cuts the x-axis will have:
  21. The entry of new firms in cournot model is:
  22. If the increase in demand is more than the increase in supply, the price will:
  23. In Prisoners Dillemma, the players are:
  24. In monopolistic competition, the firms follow:
  25. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  26. Who wrote A Contribution to the Theory of Trade Cycle?
  27. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  28. According to Chamberline, in monopolistic competition, differentiation is determined by:
  29. Which describes a competitive market?
  30. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…