When demand changes more than proportionate change in income then income elasticity is _______

When income changes but demand doesn’t change then income elasticity is ______

Price of commodity ‘x’ and demand for commodity ‘y’ must have ______ relationship if two commodities are substitutes

Price of a commodity and demand for it are ________ related

Price of commodity and demand for its substitute are ______ related

Price of diesel and demand for car are _______ related

✅Intellect✅
Economics 👉MCQ 26.
When price changes by 10% and demand changes by 15%, then ______ effect is stronger

✅Intellect✅
Economics 👉MCQ 27.
When quantity effect is stronger then price elasticity is ______

✅Intellect✅
Economics 👉MCQ 28.
When price changes by 5% and demand changes by 2%. This means ______ effect is stranger and price elasticity is ______

✅Intellect✅
Economics 👉MCQ 26.
When change in price is 10% and demand changes by 10%. This means ______ effect is stronger

✅Intellect✅
Economics 👉MCQ 30.
When price effect = quantity effect Then price elasticity is _____