What does a movement along the demand curve mean?

What does a movement along the demand curve mean?
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Movement along the same demand curve is know as - (1) Extension and Contraction of Demand (2) Increase and Decrease of Demand (3) Contraction of supply (4) Increase of supply

Description : Movement along the same demand curve is know as - (1) Extension and Contraction of Demand (2) Increase and Decrease of Demand (3) Contraction of supply (4) Increase of supply

Last Answer : (2) Increase and Decrease of Demand Explanation: A shift in the demand curve is caused by a factor affecting demand other than a change in price. If any of these factors change then the amount ... of a change in supply conditions. The factors affecting demand are assumed to be held const ant.

Change in quantity demanded or Movement along demand curve occurs due (a) Due to change in price only ; (b) Change in Cetris paribus conditions only ; (c) Change in cost of production ; (d) Change in technology

Description : Change in quantity demanded or Movement along demand curve occurs due (a) Due to change in price only ; (b) Change in Cetris paribus conditions only ; (c) Change in cost of production ; (d) Change in technology

Last Answer : (a) Due to change in price only ;

Movement along the same demand curve is know as (1) Extension and Contraction of Demand (2) Increase and Decrease of Demand (3) Contraction of supply (4) Increase of supply

Description : Movement along the same demand curve is know as (1) Extension and Contraction of Demand (2) Increase and Decrease of Demand (3) Contraction of supply (4) Increase of supply

Last Answer :  Increase and Decrease of Demand

An increase in the quantity supplied suggests - (1) a leftward shift of the supply curve (2) a movement up along the supply curve (3) a movement down along the supply curve (4) a rightward shift of the supply curve

Description : An increase in the quantity supplied suggests - (1) a leftward shift of the supply curve (2) a movement up along the supply curve (3) a movement down along the supply curve (4) a rightward shift of the supply curve

Last Answer : (2) a movement up along the supply curve Explanation: Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of ... Producers supply more at a higher price because selling a higher quantity at an higher price increases revenue.

A movement along the supply curve can be caused by a change in (a) Technology (b) Factor prices (c) The price of the good (d) All of these

Description : A movement along the supply curve can be caused by a change in (a) Technology (b) Factor prices (c) The price of the good (d) All of these

Last Answer : (a) Technology

An increase in the quantity supplied suggests : (1) a leftward shift of the supply curve (2) a movement up along the supply curve (3) a movement down along the supply curve (4) a rightward shift of the supply curve

Description : An increase in the quantity supplied suggests : (1) a leftward shift of the supply curve (2) a movement up along the supply curve (3) a movement down along the supply curve (4) a rightward shift of the supply curve

Last Answer : a movement up along the supply curve

In modeling of a tabulated cylinder, the plane of the curve is _______ a.along the curve b.normal to the curve c.along the axis of the cylinder d.perpendicular to the axis of the cylinder

Description : In modeling of a tabulated cylinder, the plane of the curve is _______ a.along the curve b.normal to the curve c.along the axis of the cylinder d.perpendicular to the axis of the cylinder

Last Answer : d.perpendicular to the axis of the cylinder

A particle moves along the curve `6y = x^3 + 2`. Find the points on the curve at which y-co-ordinate is changing 8 times as fast as the x-co-ordinate.

Description : A particle moves along the curve `6y = x^3 + 2`. Find the points on the curve at which y-co-ordinate is changing 8 times as fast as the x-co-ordinate.

Last Answer : A particle moves along the curve `6y = x^3 + 2`. Find the points on the curve at which y-co-ordinate is changing 8 times as fast as the x-co-ordinate.

Which of these is a closed curve that is longer along one axis?

Description : Which of these is a closed curve that is longer along one axis?

Last Answer : ellipse

Which of these is a closed curve that is longer along one axis?

Description : Which of these is a closed curve that is longer along one axis?

Last Answer : ellipse

If x% is the gradient of an alignment and y% is the gradient after proper super-elevation along a curved portion of a highway, the differential grade along the curve, is (A) (x + y) % (B) (x - y) % (C) (y - x) % (D) (y + x) %

Description : If x% is the gradient of an alignment and y% is the gradient after proper super-elevation along a curved portion of a highway, the differential grade along the curve, is (A) (x + y) % (B) (x - y) % (C) (y - x) % (D) (y + x) %

Last Answer : Answer: Option C

If the rate of change of grade permitted along a vertical curve is r and total change of grade is g%, the length L of the curve to be provided, is (A) L = (r × 100/g) m (B) L = (g × 100/r) m (C) L = (r + g) × 100m (D) L = [100/(r + g)] m

Description : If the rate of change of grade permitted along a vertical curve is r and total change of grade is g%, the length L of the curve to be provided, is (A) L = (r × 100/g) m (B) L = (g × 100/r) m (C) L = (r + g) × 100m (D) L = [100/(r + g)] m

Last Answer : Answer: Option B

If the rate of change of the super-elevation along a curved portion of a 7 metre wide road is 1 in 150 and the maximum super-elevation allowed is 1 in 15, the maximum length of the transition curve to be provided at either end, is (A) 65 m (B) 70 m (C) 75 m (D) 80 m

Description : If the rate of change of the super-elevation along a curved portion of a 7 metre wide road is 1 in 150 and the maximum super-elevation allowed is 1 in 15, the maximum length of the transition curve to be provided at either end, is (A) 65 m (B) 70 m (C) 75 m (D) 80 m

Last Answer : Answer: Option B

The radius of curvature provided along a transition curve, is (A) Minimum at the beginning (B) Same throughout its length (C) Equal to the radius of circular curve (D) Varying from infinity to the radius of circular curve

Description : The radius of curvature provided along a transition curve, is (A) Minimum at the beginning (B) Same throughout its length (C) Equal to the radius of circular curve (D) Varying from infinity to the radius of circular curve

Last Answer : Answer: Option D

Along a hill road, a side drain is provided on (A) Outer side of a spur curve(B) Outer side of a re-entrant curve (C) Outer side of both (a) and (b) (D) Inner side of both (a) and (b)

Description : Along a hill road, a side drain is provided on (A) Outer side of a spur curve (B) Outer side of a re-entrant curve (C) Outer side of both (a) and (b) (D) Inner side of both (a) and (b)

Last Answer : Answer: Option D

Which of the following assumptions are made in torsion theory? a. Shaft is perfectly straight b. Material of the shaft is heterogeneous c. Twist cannot be uniform along the length of the shaft d. Shaft is perfectly curve

Description : Which of the following assumptions are made in torsion theory? a. Shaft is perfectly straight b. Material of the shaft is heterogeneous c. Twist cannot be uniform along the length of the shaft d. Shaft is perfectly curve v

Last Answer : a. Shaft is perfectly straight b. Material of the shaft is heterogeneous

a demand curve reflects each of the following except the -General Knowledge

Description : a demand curve reflects each of the following except the -General Knowledge

Last Answer : Ability of buyers to obtain the quantity they desire.

How is law of demand related to the demand curve?

Description : How is law of demand related to the demand curve?

Last Answer : Law of demand is the reason of the downward sloping of demandcurve.Law of demand states the inverse relationship of demand of acommodity and it's price,and demand curve represents this inverserelationship of demand and price.So in this way they both arerelated.

Going from left to right on the aggregate demand curve, real GDP _____.?

Description : Going from left to right on the aggregate demand curve, real GDP _____.?

Last Answer : rises as price level falls

A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Description : A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Last Answer : (4) When only price of the commodity changes Explanation: In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that ... only when there is a change in other determinants of demand, other than price of the commodity.

Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income? (1) Demand curve (2) Engel curve (3) Great Cats by curve (4) Cost curve

Description : Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income? (1) Demand curve (2) Engel curve (3) Great Cats by curve (4) Cost curve

Last Answer : (2) Engel curve Explanation: In microeconomics, an Engel curve describes how household expenditure on a particular good or service varies with household income. The curve is named after ... was the first to investigate this relationship between goods expenditure and income systematically in 1857.

Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Description : Name the curve which shows the quantity of products a seller wishes to sell at a given price level. (1) Demand curve (2) Cost curve (3) Supply curve (4) None of these

Last Answer : (3) Supply curve Explanation: The supply curve shows the relationship between the price of a good and the quantity supplied, holding constant the values of all other variables that affect supply. Each point on the curve shows the quantity that sellers would choose to sell at a specific price.

Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.

Inwhich market structure is the demand curve of the market represented by the demand curve of the firm? (1) Monopoly (2) Oligopoly (3) Duopoly (4) Perfect Competition

Description : Inwhich market structure is the demand curve of the market represented by the demand curve of the firm? (1) Monopoly (2) Oligopoly (3) Duopoly (4) Perfect Competition

Last Answer : (1) Monopoly Explanation: Because the monopolist is the market's only supplier, the demand curve the monopolist faces is the market demand curve. The market demand curve is downward sloping, ... expect to receive for its output will not remain constant as the monopolist increases its output.

A unit price elastic demand curve will touch - (1) both price and quantity axis (2) neither price axis, nor quantity axis (3) only price axis (4) only quantity axis

Description : A unit price elastic demand curve will touch - (1) both price and quantity axis (2) neither price axis, nor quantity axis (3) only price axis (4) only quantity axis

Last Answer : (2) neither price axis, nor quantity axis Explanation: Unit elastic refers to an elasticity alternative in which any percentage change in price cause an equal percentage change in quantity. In other ... However, the unit price elastic demand curve does not touch either price axis or quantity axis.

An exceptional demand curve is one that moves - (1) upward to the right (2) downward to the right (3) horizontally (4) vertically

Description : An exceptional demand curve is one that moves - (1) upward to the right (2) downward to the right (3) horizontally (4) vertically

Last Answer : (2) downward to the right Explanation: A demand curve that violates the law of demand is termed an exceptional demand curve. If a household expects the price of a commodity to increase, it may ... backward slope from the top right to down left. This curve is known as an exceptional demand curve.

A horizontal demand curve is - (1) relatively elastic (2) perfectly inelastic (3) perfectly elastic (4) of unitary elasticity

Description : A horizontal demand curve is - (1) relatively elastic (2) perfectly inelastic (3) perfectly elastic (4) of unitary elasticity

Last Answer : (3) perfectly elastic Explanation: The demand curve facing a perfectly competitive firm is flat or horizontal. This is because all firms in perfect competition are by definition selling an identical (homogeneous) ... of the curve is zero, it is impossible for the price to change in the market.

Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U - shaped

Description : Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U - shaped

Last Answer : (1) horizontal to ox-axis Explanation: Under Perfect Competition, the firm faces a horizontal demand curve. It can sell any quantity desired at the market price, but cannot sell anything above the market price.

When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will - (1) decrease (2) increase (3) remain the same (4) contract

Description : When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will - (1) decrease (2) increase (3) remain the same (4) contract

Last Answer : (2) increase Explanation: In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to ... is movement along a demand curve when a change in price causes the quantity demanded to change.

The demand curve facing a perfectly competitive firm is - (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Description : The demand curve facing a perfectly competitive firm is - (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Last Answer : (4) perfectly elastic Explanation: A perfectly competitive industry is comprised of a. large number of relatively small firms that sell identical products. Each perfectly competitive firm is so small ... at the going market price. This translates into a horizontal or perfectly elastic demand curve.

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

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.

Kinked demand curve is a feature of - (1) Monopoly (2) Oligopoly (3) Monopsony (4) Duopoly

Description : Kinked demand curve is a feature of - (1) Monopoly (2) Oligopoly (3) Monopsony (4) Duopoly

Last Answer : (2) Oligopoly Explanation: The kinked demand curve theory is an economic theory regarding oligopoly and monopolistic competition. Kinked demand was an initial attempt to explain sticky prices.

The demand curve shows that price and quantity demanded are - (1) directly related only (2) directly proportional and also directly related (3) inversely proportional and aslo inversely related (4) inversely related only

Description : The demand curve shows that price and quantity demanded are - (1) directly related only (2) directly proportional and also directly related (3) inversely proportional and aslo inversely related (4) inversely related only

Last Answer : (3) inversely proportional and aslo inversely related Explanation: Law of demand states that consumers buy more of a good when its price is lower and less when its price is higher. It states that ... good demanded by the consumer will be negatively correlated to the change in the price of the good.

The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis

Description : The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis

Last Answer : (1) upward rising Explanation: A Giffen good is a good whose consumption in-creases as its price increases. (For a normal good, as the price increases, consumption decreases.) Thus, the ... a price changes the income effect outweighs the substitution effect and this leads to perverse demand curve.

The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Description : The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Last Answer : a. the law of increasing marginal cost

The kinked demand curve explains A.Price rigidity B.Price flexibility C.Demand rigidity D.Demand flexibility

Description : The kinked demand curve explains A.Price rigidity B.Price flexibility C.Demand rigidity D.Demand flexibility

Last Answer : A.Price rigidity

The kinked demand curve explains A.Price rigidity B.Price flexibility C.Demand rigidity D.Demand flexibility

Description : The kinked demand curve explains A.Price rigidity B.Price flexibility C.Demand rigidity D.Demand flexibility

Last Answer : A.Price rigidity

The upper portion of the kinked demand curve is relatively A.More inelastic B.More elastic C.Less elastic D.Inelastic

Description : The upper portion of the kinked demand curve is relatively A.More inelastic B.More elastic C.Less elastic D.Inelastic

Last Answer : B.More elastic

Demand curve is related to A.MU curve B.Marginal revenue C.Both (a) and (b)

Description : Demand curve is related to A.MU curve B.Marginal revenue C.Both (a) and (b)

Last Answer : C.Both (a) and (b)

If the demand curve confronting an individual firm is perfectly elastic, then firm is A.Price taker B.Adjust output C.Adjust priceD.All of theseAnswer Repor

Description : If the demand curve confronting an individual firm is perfectly elastic, then firm is A.Price taker B.Adjust output C.Adjust price D.All of these Answer Repor

Last Answer : A.Price taker

Shifts in demand curve include A.Increase in Demand (Upward shift) B.Extention in demand C.Contraction in demand D.None of the above

Description : Shifts in demand curve include A.Increase in Demand (Upward shift) B.Extention in demand C.Contraction in demand D.None of the above

Last Answer : A.Increase in Demand (Upward shift)

Put into chronological order on the basis of development: l. Law of demand 2. Law of indifference 3. Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve A.1 3 4 2 5 B.1 5 3 4 2 C.1 3 2 5 4D.1 2 3 4 5

Description : Put into chronological order on the basis of development: l. Law of demand 2. Law of indifference 3. Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve A.1 3 4 2 5 B.1 5 3 4 2 C.1 3 2 5 4 D.1 2 3 4 5

Last Answer : C.1 3 2 5 4

Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only (i) is true B.Both (i) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Description : Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only ... ) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Last Answer : B.Both (i) and (ii) are true

If total revenue rises when price falls, the demand curve is (a) Elastic (b) Unitary elastic (c) Inelastic (d) None of the above

Description : If total revenue rises when price falls, the demand curve is (a) Elastic (b) Unitary elastic (c) Inelastic (d) None of the above

Last Answer : (a) Elastic

When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is : (a) Greater than one (b) Equal to one (c) Less than one (d) Infinity

Description : When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is : (a) Greater than one (b) Equal to one (c) Less than one (d) Infinity

Last Answer : Equal to one

A demand curve is considered as Rectangular Hyperbola when : (a) e > 1 (b) e = 1 at all points (c) e < 1 (d) e = 0

Description : A demand curve is considered as Rectangular Hyperbola when : (a) e > 1 (b) e = 1 at all points (c) e < 1 (d) e = 0

Last Answer : (a) e > 1 (b) e = 1 at all points (c) e < 1 (d) e = 0

What is the price at which the supply curve for a good and its demand curve intersect called?

Description : What is the price at which the supply curve for a good and its demand curve intersect called?

Last Answer : Equilibrium price

If the demand line drawn from a ridge in a flow mass curve does not intersect the curve again, it indicates that (A) Demand cannot be met by inflow (B) Reservoir was not full at the beginning (C) Both (A) and (B) (D) None of the above

Description : If the demand line drawn from a ridge in a flow mass curve does not intersect the curve again, it indicates that (A) Demand cannot be met by inflow (B) Reservoir was not full at the beginning (C) Both (A) and (B) (D) None of the above

Last Answer : Answer: Option A

What would happen to the demand curve when there is an increase in the price of substitute products?

Description : What would happen to the demand curve when there is an increase in the price of substitute products?

Last Answer : Outward shift

Consider the following situation in a flow mass curve study when demand line drawn from a ridge in the mass curve does not intersect the mass curve again. This means that : (a) The storage is not adequate (b) The demand cannot be met by the inflow as the reservoir will not refill (c) The reservoir was not full at the beginning (d) The reservoir is wasting water by spill

Description : Consider the following situation in a flow mass curve study when demand line drawn from a ridge in the mass curve does not intersect the mass curve again. This means that : (a) The storage is not ... (c) The reservoir was not full at the beginning (d) The reservoir is wasting water by spill

Last Answer : (b) The demand cannot be met by the inflow as the reservoir will not refill