MEDIUM
CA Foundation
IMPORTANT
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If the local pizzeria raises the price of a medium pizza from ₹60 to ₹100 and quantity demanded falls from 700 pizzas a night to 100 pizzas a night, the price elasticity of demand for pizzas is: (Use Arc Elasticity Method)

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Important Questions on Theory of Demand and Supply

MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Price Elasticity of Demand>Q 121
If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Income Elasticity of Demand>Q 132
If, as people's income increases, the quantity demanded of a good decreases, the good is called
MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Income Elasticity of Demand>Q 135
Suppose potatoes have -0.4 as income elasticity. We can say from the data given that:
MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Cross Elasticity of Demand>Q 144
The cross elasticity between personal computers and software's is:
MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Advertisement Elasticity>Q 155
The zero advertisement Elasticity represents :
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Demand Forecasting>Q 164
If the demand for a product is independent of the demand for other goods, then it is called as _____.
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Nature of Human Wants>Q 185
Addition made to total utility refers to?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 2 - Theory of Demand and Supply>Nature of Human Wants>Q 197
Which of the following is not an assumption of Marginal Utility Analysis?