Demand is a function of
A. | Price |
B. | Firm |
C. | Product |
D. | Cost |
Option: A Explanation : Click on Discuss to view users comments. |
Elasticity of demand measures the
A. | responsiveness of sales to change in price of goods
|
B. | responsiveness of demand to change in supply of goods |
C. | change in price due to change in demand |
D. | change in demand due to change in tastes of consumer |
Option: A Explanation : Click on Discuss to view users comments. |
NNP at factor cost will be
A. | NNP - Depreciation |
B. | Cost of Assets |
C. | Dividend |
D. | NNP at Market Price - Indirect Taxes + Subsidy |
Option: D Explanation : Click on Discuss to view users comments. |
The demand function yield price function is given below. The price for market A will be :
(Pa = 32 - 2Qa)
A. | 28 |
B. | 24 |
C. | 25 |
D. | 30 |
Option: B Explanation : Click on Discuss to view users comments. Komal said: (9:29pm on Tuesday 16th January 2018)
Solution?
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Which one of the following formula will be used for computing the price elasticity of demand?
A. | % Change in price/Cost x 100 |
B. | % Change in quantity demanded/% change in price |
C. | Change in quantity demanded/Supply x 100 |
D. | National income/Cost x 100 |
Option: B Explanation : Click on Discuss to view users comments. |