Description : Price Ratio is equal to
Last Answer : Ans. Cost per unit of added resource
Description : Demand of Agri. Products are always comes under
Last Answer : Ans. Unit inelastic demand
Description : Mean applied when deals with rate, price and speed of a vehicle
Last Answer : Ans. HM
Description : The minimum price at which the govt. is prepared to buy agril. commodities
Last Answer : Ans. Minimum Support Price (MSP)
Description : Which market ensure fair price
Last Answer : Ans. Regulate market
Description : Equilibrium price is the price when : (1) supply is greater than demand (2) supply is less than demand (3) demand is very high (4) supply is equal to demand
Last Answer : (4) supply is equal to demand Explanation: The equilibrium price is the price where the goods and services supplied by the producer equals the goods and services demanded by the customer(s). How the equilibrium price is achieved is through the 'Invisible Hand', or market forces of the economy.
Description : A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to - (1) Zero (2) One (3) Less than one (4) Infinity
Last Answer : (4) Infinity Explanation: Price elasticity of demand measures consumer response to price changes. If consumers are relatively sensitive to price changes, demand is elastic: if they are relatively ... keeps changing with the price. So the coefficient of price elasticity of demand is infinity.
Description : In case of horizontal demand curve , price elasticity of demand is (a) equal to zero (b) equal to one © equal to two (d) infinite
Last Answer : (a) equal to zero
Description : …….. is the price at which demand for a commodity is equal to its supply (a) Normal price ; (b) Equilibrium price ; (c) Short run price ; (d) Secular price
Last Answer : ; (b) Equilibrium price ;
Description : An increase in price will result in no change in total revenue if (a) Percentage change in price equal the percentage change in price (b) Percentage change in demanded is more than the percentage ... percentage change in demand (d) Change in price is more than change in demand in absolute terms
Last Answer : (a) Percentage change in price equal the percentage change in price
Description : A demand curve, which is parallel to the horizontal axis, showing quantity, has the price elasticity equal to (1) Zero (2) One (3) Less than one (4) Infinity
Last Answer : Infinity
Description : In LSD, the no. of row or column or treatment is equal to
Last Answer : Ans. No. of replications (r = c = t)
Description : In RBD, the number of blocks is equal to
Last Answer : Ans. No. of replications (b = r)
Description : Cost C is equal to
Last Answer : Ans. Cost B + imputed value of family human labour
Description : Gross income - Total Cost is equal to
Last Answer : Ans. Profit
Description : Marginal cost is equal to
Last Answer : Ans.
Description : Lines of equal cloud cover
Last Answer : Ans. Isonephs
Description : Lines of equal rainfall
Last Answer : Ans. Isohyets
Description : Lines of equal pressure
Last Answer : Ans. Isobar
Description : Imaginary line that represents the equal temperature
Last Answer : Ans. Isotherm
Description : What is the price at which the supply curve for a good and its demand curve intersect called?
Last Answer : Equilibrium price
Description : Market where the price of a commodity is determined by free play of the forces of supply and demand is called?
Last Answer : Free Market.
Description : The policy that assumes that demand is relatively inelastic over certain price ranges is called A)price lining. B)odd-even pricing. C)price skimming. D)prestige pricing. E)customary pricing.
Last Answer : A)price lining.
Description : The …………….. price that a customer is willing to pay for a given quantity is called demand price (a) Maximum ; (b) Minimum ; (c) Bargained ; (d) Floor
Last Answer : (a) Maximum
Description : The minimum price that a supplier expect to make available a specific quantity for sale is called (a) Demand price ; (b) Administered price ; (c) Cost price ; (d) Supply price
Last Answer : (d) Supply price