A. inelastic demand
B. elastic demand
C. inelastic price
D. elastic price
Related Mcqs:
- The demand which is affected by price changes in short term is?
A. elastic demand
B. inelastic demand
C. realistic demand
D. unrealistic demand - The demand which is not affected by price changes in short term is?
A. elastic demand
B. inelastic demand
C. realistic demand
D. unrealistic demand - If the demand for the product does not change with the small change in price then the demand is said to be ________?
A. interactive
B. augmented
C. elastic
D. inelastic - If the demand of the product changes considerably with the small change in price then the demand is said to be __________?
A. interactive
B. augmented
C. elastic
D. inelastic - In business markets, the demand of business goods is more volatile than demand for consumer goods, is classified as_________?
A. fluctuating demand
B. stable demand
C. unstable demand
D. freeze demand - The set price limit from which no more demand is accepted is classified as?
A. cost ceiling
B. cost floor
C. price ceiling
D. price floor - The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?
A. second-degree price discrimination
B. first-degree price discrimination
C. third-degree discrimination
D. fourth-degree discrimination - In graph of market demand, the products resulting demand is written on __________?
A. market equilibrium point
B. Company’s equilibrium point
C. horizontal axis
D. vertical axis - To create fit between demand and supply, the non-peak demand, complementary services, differential pricing and reservations systems are the strategies of ___________?
A. demand side
B. supply side
C. complementary side
D. descriptive side - The people having authority to prevent information to reach the deciders and approvers are classified as________?
A. approvers
B. gatekeepers
C. evaluators
D. initiators
