Classical

Business Economics - Business Economics Multiple Choice Questions

46:  
The nature of Cross-price elasticity of demand in case of complementary product will be
A.

Negative

B.

Zero

C.

Positive

D.

Both (A) and (C)

 
 

Option: D

Explanation :


47:  
The theory of Revealed preference was propounded by
A.

A. Marshall

B.

P.F. Drucker

C.

Paul Samuelson

D.

J. R. Hicki

 
 

Option: C

Explanation :


48:  

Which of the following is a pricing method?

A.

Seasonal

B.

Cost plus

C.

Promotional

D.

None of these

 
 

Option: B

Explanation :


49:  

Which of the following is a type of price discount?

A.

Quantity

B.

Cash

C.

Trade

D.

All of the above

 
 

Option: D

Explanation :


50:  

An example of derived demand is

A.

Money

B.

Cigarette

C.

Car

D.

Mobile Phone

 
 

Option: A

Explanation :




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