Price and demand are positively correlated in case of

Asked by admin @ 13/08/2021 in Economy viewed by 290 People

Price and demand are positively correlated in case of:

NecessitiesComfortsGiffen goodsLuxuries

Answered by admin @ 13/08/2021

Answer:

Giffen goods is the correct answer

With rise in coffee price the demand of tea

Asked by admin @ 20/08/2021 in Economy viewed by 273 persons

Q)with rise in coffee price the demand of tea: a)Risesb)Fallsc)Remain stabled)None of these

When price of commodity rises the demand for it

Asked by admin @ 11/08/2021 in Economy viewed by 307 persons

When price of commodity rises, the demand for it. fill in the blanks

How do we measure the three cases of demand elasticity

Asked by admin @ 02/08/2021 in Economy viewed by 292 persons

How do we measure the three cases of demand elasticity?

When demand is inelastic a decrease in price will cause

Asked by admin @ 26/11/2021 in Business viewed by 255 persons

When demand is inelastic and price is decreased: a. quantity demanded and total revenue fall to zero. b. the effects of the decrease in price on total revenue and the …

Products whose demand rises when another product’s price increases are called

Asked by maham237 @ 25/12/2020 in History viewed by 399 persons

Products whose demand rises when another product’s price increases are called substitute goods. complementary goods. elastic goods. clearance goods.

If a firm is a price taker, then the demand curve for the firm's product is

Asked by wiki @ 29/10/2020 in Business viewed by 303 persons

Multiple Choice a. perfectly elastic. b. perfectly inelastic. c. equal to the total revenue curve. d. unit plastic.

What is the difference between a positive and negative correlation

Asked by admin @ 26/11/2021 in Mathematics viewed by 304 persons

Explain the differences between a positive, negative and no correlation (or trend) in a scatter plot. Provide an example of each type. Example: Positive correlation (or trend) graph - A …

When demand is inelastic an increase in price will cause

Asked by admin @ 28/10/2021 in Business viewed by 244 persons

When demand is inelastic, an increase in price will cause a. a decrease in total revenue. b. no change in total revenue but an increase in quantity demanded. c. no …

A positive cross elasticity of demand coefficient indicates that

Asked by admin @ 16/08/2021 in Economy viewed by 381 persons

A positive cross elasticity of demand coefficient indicates that:

According to the law of demand price and quantity move

Asked by admin @ 02/08/2021 in Economy viewed by 264 persons

According to the law of demand, price and quantity move

The value of the price elasticity of demand is not equal to the slope of the demand curve.

Asked by maham237 @ 23/12/2020 in Business viewed by 346 persons

True or false: the value of the price elasticity of demand is not equal to the slope of the demand curve.

Name a good with elastic demand at its current price

Asked by admin @ 22/11/2021 in History viewed by 260 persons

Choose three goods. Then predict whether they have elastic or inelastic demand at their current price. Next, determine their elasticity by creating a demand schedule and curve for each one