Concern 1. Interest in a product shows a relationship anywhere between numbers demanded and you can the pricing. (a) self-confident (b) infinite (c) no (d) inverse Answer: (d)
Matter 2. Field demand is actually realization regarding individual demand bend. (a) horizontal (b) vertical (c) diagonal (d) Not one of your own above Answer: (a)
Concern 3. Extension and you can contraction of demand stems from the fresh new : (a) Change in the expense of the commodity itself (b) Improvement in the cost of other products (c) Improvement in liking and needs of consumers (d) Improvement in money out-of consumers Answer: (a)
Question 4.