Demand and Supply MCQs

Price and demand are positively correlated in case of

September 27, 2022

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Price and demand are positively correlated in case of

Q. Price and demand are positively correlated in case of:

Necessities
Comforts
Giffen goods
Luxuries

Answer: Giffen goods

Price and demand are positively correlated in case of

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When cross elasticity of demand is a large positive number, one can conclude that

Price and demand are positively correlated in case of

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The supply of a good refers to

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