Topic Demand
Time to be taken 10 minutes
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Fill in the blanks
______________willing and able to buy
, at each possible price during a given period of time
________ __________
refers to the quantity of a commodity that all consumer is willing and able to
buy, at each possible price during a given period of time
Demand is a function
of ________ and can be expressed as D= f(P)
________________ are those goods
which can be used in place of one another foe satisfaction of a particular want
______________ are those goods which are used together to satisfy a particular
want
If the given commodity is _____________ good then an increase in income
leads to rise in the demand
If the given commodity is _____________ good then an
increase in income leads to fall in the demand
_______________ __________
____________ refers to the functional relationship between individual demand and
the factors affecting individual demand
_______________ __________ ____________
refers to the functional relationship between market demand and the factors
affecting individual demand
___________ ___________ is a tabular statement
showing various quantities of a commodity being demanded at various level of
price, during a given period of time
____ _____ _______ states the inverse
relationship between price and quantity demanded keeping other factors constant
Question
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