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Worksheetsdemand
Total questions: 10
Worksheet time: 3mins
____________goods have positive income effect.
Normal
Complementary
Inferior
Demand for which of the following goods does not change with change in Income of the consumer?
Normal Goods
Necessity goods
Inferior Goods
If with the rise in the price of good Y, the demand for good X rises, the two goods are:
Substitutes
Compliments
Not related
Jointly demanded
A rise in the price of petrol will ____ the demand for cars
Decrease
Increase
Not affect
Which of the following is not a determinant of a consumer's demand for a commodity?
income
population
price of related goods
taste
The law of demand refers to the
inverse relationship between the price of the commodity and the quantity demanded of the commodity per time period.
direct relationship between the desire of a consumer has for a commodity and the amount of the commodity that the consumer demands.
inverse relationship between consumer's income and the amount of the commodity that the consumer demands.
If the price of a good increases, then
the demand for complementary good will increase
the demand for the good will increase.
the demand for substitute good will increase.
the demand for the good will decrease.
which of the following is an example of substitute good?
tea and coffee
bread and butter
car and petrol
tea and sugar
the demand for the normal goods _____________ with an increase in income of the consumer.
increase
decrease
remains same
either increases or decreases.
________ is the quantity of a commodity that a consumer is willing and able to buy at each possible price during a given time period.
want
desire
need
demand
