Which of the following are complementary goods ?
Scooter and Car
Scooter and Petrol
Scooter and Bicycle
Scooter and bus
At very low level of prices, demand is generally
Elastic
Inelastic
Perfectly elastic
Perfectly inelastic
The indifference curve approach was introduced by
Prof .Samuelson
Prof : Hicks
Prof. Marshall
Prof Adam smith
In a market economy a central problems are settled by
Private sector
Central planning authority
Price mechanism
Demand theory
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
Which of the following commodities has less elastic demand?
Salt
Coffee
Tea
Pen
Which of the following pairs of commodities is an example of substitutes?
Car and petrol
Paper and pen
Coffee and tea
None of these
Demand varies
Positively with price
Not with price
Inversly with price
Negatively sloped
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
In a straight line demand curve sloping downward from left to right, what will be the elasticity of demand at the mid point of the curve?
Infinity
Unity
Zero
One
