EASY
CA Foundation
IMPORTANT
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In economics, Effective Demand for a thing depends on :
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Important Questions on Theory of Demand and Supply
EASY
CA Foundation
IMPORTANT
Two Commodities are called _____ when they satisfy the same want and can be used with ease in place of one another.
EASY
CA Foundation
IMPORTANT
Conspicuous goods are also known as:
EASY
CA Foundation
IMPORTANT
The _____ sloping Demand Curve is in accordance with the law of demand which describes an.................. price demand relationship.
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CA Foundation
IMPORTANT
According to _____, the consumer has diminishing utility for each additional unit of a commodity and therefore, he will be willing to pay only less for each additional unit.
EASY
CA Foundation
IMPORTANT
Higher the price of diamonds, higher is the prestige value attached to them and hence higher is the demand for them. These goods are called as _____.
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CA Foundation
IMPORTANT
The change in demand will be regarded as expansion of demand, if the increase in quantity demanded is due to _____.
EASY
CA Foundation
IMPORTANT
_____ refers to a change along a curve i.e. movement from one point to another on the same curve.
EASY
CA Foundation
IMPORTANT
Who has given the law of Demand?
