MCQ
Goods that exhibit direct price demand relationship are called:
- ✓Giffen goods.
- BComplementary goods.
- CSubstitute goods.
- DNone of these.
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| Commodities | A | B | C | D | E |
| Price (1994) (Rs) | 100 | 40 | 10 | 60 | 90 |
| Price (2004) (Rs) | 140 | 60 | 20 | 70 | 100 |

| Column I | Column II |
| A. Elasticity of demand | (i) $E_d=\infty$ |
| B. Horizontal straight line demand curve | (ii) $E _d>1$ |
| C. Perfectly inelastic demand | (iii) (-) $\frac{1}{\text { Slope of demand curve }} \times \frac{P}{Q}$ |
| D. Elastic demand | (iv) Change in price causes no change in the quantity demanded |