--%>

Effect of change in market price

I have a problem in economics on Effect of change in market price. Please help me in the following question. The change in quantity demanded is: (1) Non-quantitative in nature. (2) Caused by the change in market price. (3) Shown by the shift of demand curve. (4) Irrelevant in the socialist economy.

What is the most precise answer in the above question.

   Related Questions in Microeconomics

  • Q : Price charging equality to marginal cost

    Within the short run, a price-maker firm along with important market power but that cannot price discriminate is unable to concurrently maximize profit and: (i) charge a price equal to marginal cost. (ii) minimize average total cost. (iii) produce out

  • Q : Decision processes in Microeconomics

    Decision processes within households, and government and firms and the consequences of such decisions are initially the focus of: (1) positive economics. (2) public choice economics. (3) microeconomics. (4) normative economics. (5) microeconomics.

  • Q : What is Average Total Cost What is

    What is Average Total Cost. Also write down its formula?

  • Q : Inelastic proportion of demand in

    This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve.

    Q : Tax burden distribution of relatively

    Demands for alcoholic and tobacco beverages tend to be relatively price inelastic and income inelastic. There per unit “sin taxes” upon these products will share out the tax burden: (i) proportionally among high-income and

  • Q : Signals to guide production The dollar

    The dollar votes serve to: (i) Offer signals to guide production. (ii) Offer signals to sway govt. policies. (iii) Elect corporate executives. (iv) Elect politicians. Can someone please help me in finding out the accurate answer fr

  • Q : Purely and monopolistically competitive

    Purely competitive markets and monopolistically competitive markets have in general: (1) the collusive tendencies of large rival firms. (2) extensive negotiations about prices among buyers and sellers. (3) freedom of entry and exit wi

  • Q : Present value of a bond paying by

    At an interest rate of 5 percent per year the present value of a bond paying $100 yearly forever is: (a) infinite. (b) $500. (c) $909.10. (d) $2000. I need a good answer on the topic of Economics problems. Please give me your sugge

  • Q : Raise current consumption by rising in

    When interest rates rise, in that case the opportunity costs of: (1) current consumption rise. (2) future consumption rise. (3) current investment decline. (4) government budget deficits decline. (5) saving grows proportionally.

  • Q : Maximum consumer surplus A

    A characteristic Hollywood star derives the maximum consumer surplus from: (i) Calvin Klein underwear. (ii) Water. (iii) Mercedes Benz 600SEs. (iv) DeBeers diamonds. (v) Publicity in "The National Enquirer." Can so