Demand and Supply MCQs

Which one is increasing function of price

September 27, 2022

19 Views

Which one is increasing function of price

Q. Which one is increasing function of price:

A. Demand

B. Utility

C. Supply

D. Consumption

Answer: Supply

Which one is increasing function of price

Previous

If price and total revenue move in the same direction, then demand is

Which one is increasing function of price

Next

It describes the law of supply

Tags: Demand and Supply MCQs

Related Articles

The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to

The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to

According to Joseph Schumpeter, profit is the reward for

According to Joseph Schumpeter, profit is the reward for

Who argued that pure profit can arise only in a dynamic economy?

Who argued that pure profit can arise only in a dynamic economy?

The classical theory explained interest as a reward for

The classical theory explained interest as a reward for

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.