_____ refers to how much quantity of a product or service is desired by buyers.
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Question 2 of 25
2. Question
1 points
Category: Business Economics
Demand for a commodity refers to:……
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Question 3 of 25
3. Question
1 points
Category: Business Economics
The ____ is the amount of a product people are willing to buy at a certain price.
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Question 4 of 25
4. Question
1 points
Category: Business Economics
The law of demand is :……
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Question 5 of 25
5. Question
1 points
Category: Business Economics
Which of the following thing(s) is/are essential to become effective demand?
X. Desire for a commodiaty
Y. Willingness to pay
Z. Ability to pay for the commodity
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Question 6 of 25
6. Question
1 points
Category: Business Economics
As per ______,” A fall in the price of a commodity causes a household to buy more of that commodity and less of the other commodities which complete with it, while rise in price causes the household to buy less of this commodity and more competing commodities.”
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Question 7 of 25
7. Question
1 points
Category: Business Economics
According to the law of demand,____, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.
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Question 8 of 25
8. Question
1 points
Category: Business Economics
The law of Demand, assuming other things to remain constant, establishes the relationship between:…..
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Question 9 of 25
9. Question
1 points
Category: Business Economics
As per law of demand, other things being equal, if the price of a —
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Question 10 of 25
10. Question
1 points
Category: Business Economics
According to law of demand, other things being equal, if the price of a commodity rises, its quantity demanded will ___
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Question 11 of 25
11. Question
1 points
Category: Business Economics
Demand is the _____
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Question 12 of 25
12. Question
1 points
Category: Business Economics
The law of demand assumes that ___ remain the same in a given period.
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Question 13 of 25
13. Question
1 points
Category: Business Economics
The good which cannot be consumed more than once is known as____
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Question 14 of 25
14. Question
1 points
Category: Business Economics
The law of demand, assuming other things to remain constant, establishes the relationship between: _____
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Question 15 of 25
15. Question
1 points
Category: Business Economics
The law of demand assumes that ___ remain the same in a given period.
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Question 16 of 25
16. Question
1 points
Category: Business Economics
A relative price is ___
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Question 17 of 25
17. Question
1 points
Category: Business Economics
As per law of demand, there is ___ between price and quantity demanded, other things being same.
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Question 18 of 25
18. Question
1 points
Category: Business Economics
ceteris paribus means ____
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Question 19 of 25
19. Question
1 points
Category: Business Economics
Demand for goods by an individual or the market as a whole is conventionally expressed in the form of-
I. demand schedule
II. demand function
III. demand curve
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Question 20 of 25
20. Question
1 points
Category: Business Economics
A ____ of an individual buyer is an algebraic form of expressing his demand behavior.
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Question 21 of 25
21. Question
1 points
Category: Business Economics
A ____ is a tabular form of describing the relationship between quantities demanded of a good in response to its price per unit, while all non-price determining variables remain unchanged.
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Question 22 of 25
22. Question
1 points
Category: Business Economics
Which of the following is a graph representation of the demand schedule?
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Question 23 of 25
23. Question
1 points
Category: Business Economics
A demand curve-
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Question 24 of 25
24. Question
1 points
Category: Business Economics
All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. which one is it?
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Question 25 of 25
25. Question
1 points
Category: Business Economics
The quantity demanded of a goods or service is the amount that _____
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