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Under certain conditions, slope of demand curve is
Fixed
Zero
Positive
Negative
Demand for necessities of life is
Perfectly inelastic
More elastic
Perfectly elastic
Les elastic
Unity method to measure elasticity of demand was presented by
Adam smith
Marshall
Keynes
Robbins
Degree of change in quantity supplied due to change in price is called
Elasticity of supply
Rise of supply
Extension of supply
None of three
Shape of market supply curve is
Horizontal or parallel to ox curve
Positively sloping
Negatively sloping
Vertical or parallel to oy curve
What functional relationship is present between demand and price
positive
inverse
none of these
increasing
Kinds of supply according to period of time are
Three
Four
Five
Two
Cause of shifting of supply curve is
Change in income
Change in tax
Other factors
Change in price
Stock means the quantity of a commodity
Which is offered for sale in the market
Which is sold in the market
Total production is called stock
Which the seller keeps in his possession without selling
If demand does not change, then due to fall of supply
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