Question 11 Mark……………… : Tea :: Composite demand : MilkAnswerJoint demandView full question & answer→
Question 21 MarkFall in Price : ……………… :: Rise in Price : Quantity demanded fallsAnswerQuantity demanded risesView full question & answer→
Question 31 MarkIncrease in demand : Favourable changes in other factors :: Decrease in demand : ………………AnswerUnfavourable changes in other factorsView full question & answer→
Question 41 MarkChange in demand : Increase in Demand :: ………………: Extension in demandAnswerVariation in demandView full question & answer→
Question 51 MarkExpansion in demand : Downward movement on the demand curve :: ………………: Upward movement on the demand curveAnswerContraction in demandView full question & answer→
Question 61 MarkConstant level of Income : Assumption : : Prestige goods : ………………AnswerExceptionView full question & answer→
Question 71 MarkComplementary demand : Car and Petrol:: ………………: Pepsi and CokeAnswerCompetitive demandView full question & answer→
Question 81 MarkJoint demand : Pencil and Paper :: ……………… ElectricityAnswerComposite demandView full question & answer→
Question 91 MarkLabour : Indirect demand:: Clothes : ………………AnswerDirect demandView full question & answer→
Question 101 MarkIndividual consumer ……………… :: Total of all the individual: Market demandAnswerIndividual demandView full question & answer→
Question 111 Mark A desire which is backed by willingness to purchase and ability to pay……………AnswerDemandView full question & answer→
Question 121 Mark More quantity is demanded due to changes in the factors determining demand other than price…………..Answer Increase in DemandView full question & answer→
Question 131 MarkA commodity which can be put to several uses……………….Answer Composite DemandView full question & answer→
Question 141 Mark Graphical representation of demand schedule……………….Answer Demand CurveView full question & answer→
Question 151 Mark A situation where more quantity is demand at lower price…………….Answer Expansion or Extension of DemandView full question & answer→