Cpt doubt

CPT 1001 views 3 replies

bricks for houses is an example of which kind of demand

1). composite

2).competitive

3).joint

4).derived.

movement along the same demand curve shows

1. expansion of demand

2. expansion of supply

3. expansion & contraction of demand

4. increase & decrease of demand.

a free market economy solves the central problems through

1. planning authority

2. market mechanism

3. both

4.none

 

Replies (3)

1. bricks for houses is a derived demand

2. movent along the same demand curve shows contraction and expansion of demand

3. free market economy solves central problems through price mechanism..

long run price is also called by the name of

a). market price

b). normal price

c). administered price

d). wholesale price.

normal price...


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