An individual demand curve slopes downward to the right because of the
A). Working of the law of diminishing marginal utility
B). Substitution effect of decrease in price
C). Income effect of fall in price
D). All of the above
All of the above
An individual demand curve slopes downward to the right because of the Working of the law of diminishing marginal utility, Substitution effect of decrease in price and Income effect of fall in price.
2. Service marketing implies selling of
6. Question 5:How will you choose the wants to be satisfied?
8. The Purchasing Power Parity Theory' came into prominence in 1916 through the writings of
9. When there is only one buyer and one seller of product, it is called _____ situation.
10. In a centrally planned economy, the ____________ plans all the important activities in the economy