Correct Answer: low
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Business Economics Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Business Economics MCQ Questions
in the case of inferior goods, the income elasticity of demand is -----------------
when as a result of increase in price of goods, total expenditure made on goods falls, price elasticity of demand is ------- than unity.
---------------- is the scientific and analytical estimation of demand for a product for a particular period of time
--------------- refers to the opinion of the buyers, sales force to have the knowledge of emerging trend in market demand.
collective opinion method is also known as the --------------
Making a decision at the margin is possible only in situations where _____.
If the ___________ for automobiles is __________ then automobiles are an inferior good .
If people decide to purchase more at every price level, __________ (shift right) will result.
If marginal cost equals price, then _____ is at a maximum.
Despite federal laws that prohibit wage discrimination, men and women often still receive _____.