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Q. 2. Give economic terms : d1) A situation where more quantity is demanded atlower price ......2) Graphical representation of demand schedule3) A commodity which can be put to several uses4) More quantity is demanded due to changes in thefactors determining demand other than price5) A desire which is backed by willingness topurchase and ability to pay ...... |
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Answer» tuation where more QUANTITY is demanded at lower price excess supply. 2) Graphical representation of demand schedule demand CURVE. 3) A COMMODITY which can be PUT to several uses multi uses good, these types of goods have elastic demand. 4) More quantity is demanded due to changes in the factors determining demand other than price change in except actions. 5) A desire which is backed by willingness to5) A desire which is backed by willingness topurchase and ability to pay demand. |
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