CSEET Question Paper Economics Demand and Supply Part-3

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Demand for a commodity refers to:

In case of an inferior good, the income elasticity of demand is:

For what type of good does demand fall with a rise in income levels of households?

In case of Inferior goods like bajra, a fall in its price tends to:

Movement along the same demand curve shows:

The price of Hot-dogs increased by 22% and the quantity demanded falls by 25%this indicates that demand for hot dogs is:

Which factor generally keeps the price-elasticity of demand for a good low:

In case of straight line demand curve meeting of two axes, the price elasticity of demand at the mid-point of the line would be:

An increase in demand can result from:

Compute income elasticity if demand increases by 5% and income by 1%.

For a commodity with a unitary elastic demand curve if the price of the commodity rises, then the consumer's total expenditure on this commodity should be:

What is the value of elasticity of demand for the good is perfectly elastic?

What is the original price of a commodity when price elasticity is 0.71 and demand changes from 290 units to 15 units and the new price is rs 10?

If the price of any complement good rises:

Giffen paradox is an exception of

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