Question 4 : The law of demand is defined as when other thing being remaining constant  ______.

Question 5 : There is no exceptions to the law of demand in the case of _____________.

Question 6 : The law of demand is not applicable to goods like _____.

Question 9 : Change in the demand of apples due to increase in its price is _______.<br/>

Question 10 : Which one of the following factors is not an exception to the law of demand?<br>

Question 11 : When demand is inelastic, an increase in the price of a commodity would cause the total expenditure of the consumers to ______________.

Question 13 : Assertion: The demand curve has negative slope showing inverse relationship between price and the quantity demanded. Reason: This applies only to Giffen goods

Question 16 : Quantity demanded (and not demand) for a commodity changes with respect to its own price.<br/>

Question 17 : A change in climatic conditions resulting in hot weather, while prices remain the same, would cause a consumer of cold drinks to:

Question 18 : The inverse relationship between variations in the price and quantity demanded is not due to __________.

Question 21 : If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ______.

Question 23 : Two goods which have to be consumed simultaneously are called _______ goods.

Question 24 : Bread and butter, car and petrol are examples of goods which have _______.

Question 25 : The inverse relationship between variations in the price and quantity demanded is not due to __________.

Question 26 : If the demand is more than supply, then the pressure on price will be.

Question 28 : In Economics when demand for a commodity increases with a fall in its price it is known as.

Question 29 : If the price of $'Y'$ falls by $20$% and the quantity demamded falls by $25$%, $Y$ has:

Question 30 : Elasticity of demand measures the responsiveness of the quantity demanded of the goods to a _______.

Question 31 : Which of the following type of goods would have an inelastic demand?<br/>

Question 32 : If the price of any commodity decreases by $20$% and the demand for that commodity increases by $40$%, then the elasticity of demand would be __________.

Question 33 : Suppose income of the residents of a locality increases by&#160;<span class="MathJax_Preview"><span class="MathJax"><span class="math"><span class="mrow"><span class="mn">50<span class="MJX_Assistive_MathML">50% and the quantity of gel pens demanded increases by&#160;<span class="MathJax_Preview"><span class="MathJax"><span class="math"><span class="mrow"><span class="mn">20<span class="MJX_Assistive_MathML">20%.&#160;We can say that gel pen in economics sense is a/an ______.

Question 34 : Suppose a consumer's income increases from Rs. $30,000$ to Rs. $36,000$. As a result, the consumer increases her purchases of compact discs(CDs) from $25$ CDs to $30$ CDs. What is the consumer's income elasticity of demand for CDs?

Question 35 : If the quantity of CD demanded increases from $260$ to $290$ in response to an increase in income from $Rs. 9000$ to $Rs. 9800$, the income elasticity of demand is approximately _________.

Question 36 : The income elasticity of demand being greater than one, the commodity must be a _______.&#160;

Question 37 : Income elasticity of demand will be zero when given change in income brings ______________.

Question 39 : One per cent change in income causes $10$ per cent increase in quantity demanded. Elasticity of demand is ___________.

Question 40 : Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relatively.

Question 41 : Write true or false with a reason:<br/>Feasible combinations of goods are those combinations which a consumer can always buy, no matter what his income is.

Question 42 : The most optimum point on the indifference curve is when _________.

Question 44 : 'Sub Prime Lending' is a term applied to the loans made to ____________.

Question 45 : When the marginal utility of a commodity is high, its price is low.

Question 49 : In case of complementary goods, a rise in price of Good X causes a rise in demand for Good Y.

Question 50 : Ina free market economy , when consumers increase their purchase of a good andthe level of _____ exceeds _____ thenprices tend to rise.