The demand for a commodity is always
At its cost
At its price
At its size
At its demand
Law of demand implies
Direct relationship between demand and price
Inverse relationship between demand and price
Direct relationship between demand and supply
Indirect relationship demand and price
Supply curve is ___________.
Negatively sloped
Having zero slope
Positively sloped
None of these
If a demand curve is a straight line parallel to y-axis it shows
More elastic demand
Less elastic demand
Perfectly inelastic demand
Perfectly elastic demand
Upward movement along the supply curve shows __________.
Contraction of supply
Expansion of supply
Decrease in supply
Expansion of supply shows ___________.
More quantity at a lower price
More quantity at a higher price
Same quantity at the same price
Which of the following are complementary goods ?
Scooter and Car
Scooter and Petrol
Scooter and Bicycle
Scooter and bus
A demand curve usually slopes
Upward from left to right
Downward from left to right
Upward from right to left
Downward from right to left
The supply of a commodity values ___________.
Directly with its price
Inversly with its price
Disproportionatily with its price
Demand for normal goods like cream milk increase with
Income
Cost
Price
Investment
