Price elasticity of demand provides
A. |
A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant
the values of all other variables in the demand function.
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B. |
A technical change in the goodwill of the firm
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C. | A technical change in the cost of product |
D. | Technical change in the value. |
Option: A Explanation : Click on Discuss to view users comments. |
Demand curve is related to
A. | MU curve |
B. |
Marginal revenue
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C. | Both (a) and (b) |
D. | None of these |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Monopsony |
B. | Monopoly |
C. | Bilateral Monopoly |
D. | None of the above |
Option: C Explanation : Click on Discuss to view users comments. |