Demand Analysis - 1

Symbolically, the functional relationship between demand and price can be expressed as______

• Dx = f(Px)

• Dx =f(Pz)

• Dx = f(y)

• Dx = f(T)

Demand and price: ________:: Supply and price: direct relation

• Positive relation

• Inverse relation

• Negative relation

• Proportionate relation

A situation where more quantity is demanded at lower price

• Contraction in demand

• Expansion in demand

• Increase in demand

• Decrease in demand

A commodity which can be put to several uses has __________ demand.

• Joint demand

• Competitive demand

• Composite demand

• Individual demand

__________:pen and ink:: composite demand: demand for electricity

• Complementary demand

• Joint demand

• Composite demand

• Direct demand

________is total demand for a commodity from all the consumer at a given price during a given period of time.

• Individual demand

• Dual demand

• Market demand

• Composite demand

Demand curve shifts to left hand side of the original demand curve during:

• Increase in demand

• Decrease in demand

• Expansion in demand

• Contraction in the world

Find odd word out

• Demand for workers

• Demand for clothes

• Demand for food

• Demand for water

The relationship between income and demand for inferior goods is_________

• Direct

• Inverse

• No effect

• Can be direct and inverse

When less units are demanded at higher price it shows_______

• Increase in demand

• Expansion in demand

• Decrease in demand

• Contraction in demand