Coefficient of elasticity of demand is negative it means
Consumers sometimes buy negative units of a commodity
Price and quantity demanded move in same direction
Law of demand holds
The two goods are complementary to each other
_______ results in increasing the availability of resources and technological development
Economic growth
Choice
Resource allocation
Economic development
_______ is desire backed by ability and willingness to pay for a commodity.
Supply
Stock
Demand
Profit
The demand for a particular commodity changes according to its:
Utility
Price
Demand is an ______ desire
Effective
Ineffective
Inefficient
Efficient
The demand for a commodity by a single consumer is known as
Market demand
Individual demand
Income
Scarcity of the commodity express in the form of
Demand from buyers
Supply by sellers
Labour markets
Investment
The most important tools of economic analysis at the micro levels are
Both a and b
Neither a nor b
The demand for a commodity is always
At its cost
At its price
At its size
At its demand
