Change in quantity demand and change in demand

What kind of relationship exist between price and quantity demanded?

• Inverse

• Positive

• Propotionate

• None of these

Expansion and contraction in demand is caused by

• Change in income of the buyer

• Change in price of the commodity

• Change in price of related goods

• Change in taste of the buyer

With an increase in the price of petrol, demand curve of cars

• Shifts rightward

• Moves upward

• Shifts leftward

• Moves downward

Law of demand does not apply in case of

• Normal goods

• Inferior goods

• Giffen goods

• None of these

A movement along the demand curve is due to

• Increase in demand

• Decrease in demand

• Change in price

• Change in income

With an increase in income of the consumer the demand of normal goods

• Decrease

• Increase

• Demain same

• None of these

If the price of goods x rises and the demand for goods y decreases then the two goods are called

• Substitute goods

• Complementary goods

• Normal goods

• Inferior goods

Inferior goods are those whose income effect is

• Negative

• Positive

• Zero

• None of these

In case of Griffen's paradox the slop of demand curve is

• Negative

• Positive

• Parallel to x- axis

• Parallel to y- axis

Cell phone and cell services are

• Complementary goods

• Substitute goods

• Unrelated good

• None of these