"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.

If ratio between the change in price & change in quantity demanded is 0.25. The consumer demands 100 units at an initial price of Rs 10 per unit. Calculate the price elasticity of demand.

Arrange the values of the elasticity of demand of the following at different points on a downward straight line demand curve in ascending order.

(A) The point where the demand curve meets the horizontal axis.

(B) The point where the demand curve meets the vertical axis.

(C) At any point to the left of the midpoint of the demand curve.

(D) At any point to the right of the midpoint of the demand curve.

Choose the correct answer from the options given below:

The goods which can be used in place of each other are called ?

Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

Identify the factors of price elasticity of demand.

(A) Nature of Goods.

(B) Availability of Substitution.

(C) Complementary Goods

(D) Cost of Goods.

Choose the correct answer from the options given below:

Suppose 6 bananas gives 15 units of total utility and 7 bananas gives 18 units of total utility. The Marginal Utility of the 7th banana will be _______.