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Q. The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:

Q. What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods

Q. The concept of Elasticity of Demand was introduced by

Q. The responsiveness of demand due to a change in promotional expenses is called

Q. Under oligopoly a single seller cannot influence significantly

Q. Generally used strategy for pricing new products is/are

Q. Growth curve approach is used for forecasting demand of ………….products

Q. Unitary elasticity of demand mean

Q. Survey method of demand forecasting includes

Q. The demand has three essentials ‐ Desire, Purchasing power and ………..