With rise in coffee price the demand of tea

Asked by admin @ 20/08/2021 in Economy viewed by 274 People

Q)with rise in coffee price the demand of tea:

a)Risesb)Fallsc)Remain stabled)None of these

Answered by admin @ 20/08/2021

a)Risesa)Risesa)Risesa)Risesa)Risesa)Risesa)Risesa)Rises

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

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

Asked by maham237 @ 25/12/2020 in History viewed by 400 persons

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

Which of the following describes a situation in which the price of a good would rise?

Asked by maham237 @ 18/12/2020 in Social Studies viewed by 298 persons

A. A new technology allows producers to increase supply very quickly. B. Scarce natural resources make it more difficult for producers to keep up with demand. C. Consumers start using …

When demand is inelastic a decrease in price will cause

Asked by admin @ 26/11/2021 in Business viewed by 257 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 …

Price and demand are positively correlated in case of

Asked by admin @ 13/08/2021 in Economy viewed by 291 persons

Price and demand are positively correlated in case of: NecessitiesComfortsGiffen goodsLuxuries

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 304 persons

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

When demand is inelastic an increase in price will cause

Asked by admin @ 28/10/2021 in Business viewed by 245 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 …

According to the law of demand price and quantity move

Asked by admin @ 02/08/2021 in Economy viewed by 265 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 262 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