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Q. Method of demand forecasting is also called “economic model building”

Q. when income increases, quantity demanded falls, it is

Q. Criteria for good demand forecasting includes;

Q. In the case of perfect elasticity, the demand curve is

Q. If the commodities are complimentary, cross elasticity will be

Q. The function of combining the other factors of production is done by

Q. Purposes of long term Demand forecasting includes

Q. Purposes of Short term Demand forecasting doesn’t includes;

Q. The law of diminishing returns applies more to

Q. In the case of unitary elastic demand, the shape of demand curve is