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Forwarded from CA Indresh Gandhi - CA Foundation & Inter Law
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Grace Marks in CA Foundation sept 26 Exams?Indresh Gandhi ICAI CA
CA Indresh Gandhi is a Professionally qualified chartered accountan...
Demand for a good will tend to be more elastic if it exhibits which of the following characteristics?
Anonymous Quiz
16%
It represents a small part of the consumer's Income
48%
The good has many substitutes available
23%
It is a necessity (as opposed to a luxury)
13%
There is little time for the consumer to adjust to the price change
A good which cannot be consumed more than once is known as
Anonymous Quiz
17%
Durable good
71%
Non-durable good
6%
Producer good
6%
None of the above
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Demand is the.....
Anonymous Quiz
35%
The desire for a commodity given its price and those of related commodities
50%
The entire relationship between the quantity demanded and the price of a good other things remaining
7%
Willingness to pay for a good if income is larger enough
8%
Ability to pay for a good