The price decrease from Rs 2,000 to Rs 1,800 Quantity demanded per year increases 5000 to 6000 units. Which of the following is correct ?

Related Mcqs:

Which best describes a supply curve ?

A. The quantity consumers would like to buy in an ideal world B. The quantity producers are willing and able to sell at each and every price all other things unchanged C. The quantity producers are willing and able to sell at each and every income all other things unchanged D. The quantity producers are … Which best describes a supply curve ?Read More...

Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

A. substitutes inferior B. normal, complements C. substitutes complements D. normal, inferior...

An increase in aggregate demand if aggregate supply is totally inelastic will ?

A. increase price but not output B. increase output but not price C. increase output and price D. decrease output and price...

if demand is price inelastic ?

A. An increase in price must raise profits B. An increase in price decrease revenue C. An increase in price increase revenue D. A decrease in price reduces sales...

The opportunity cost of a student is____________?

A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying D. What the student will earn after graduation...