Question 9
If an increase in the price of a commodity leads to an increase in the total revenue, then it means that the demand for this commodity is
Objective
Question details
- Exam body
- ABU
- Subject
- Economics
- Year
- 2013/2014
- Question no.
- #9
- Type
- Objective
More from this paper
- Q4One of the following is not a property of an indifference curve
- Q5With a given level of money income, a consumer maximizes satisfaction from the…
- Q6If at 20k per kg, 2000kg of yam were purchased and at 10k per kilogram, 3000kg…
- Q7If as the price of a commodity rises, the quantity demanded of the commodity…
- Q11A firm in a perfectly competitive market is faced with a demand curve whose…
- Q12The total quantity supplied of books per week is represented by the function $Qs…