Demand is an ______ desire
Effective
Ineffective
Inefficient
Efficient
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
Demand is always expressed in relation to a particular
Income
Desire
Price
Supply
The demand for a commodity is always
At its cost
At its price
At its size
At its demand
The demand for a particular commodity changes according to its:
Stock
Utility
The law of demand is given by
Prof. Marshall
Adam smith
Prof. Walker
J.B. Say
The value of a thing expressed interms of money is called
Cost
Demand
When a change in price results in an infinitely large response in quantity demanded, demand is
Unit elastic
Perfectly inelastic
Perfectly elastic
Elastic