134% of 1250 – 46% of 2120 = 4 ×

Who introduced the concept of elasticity of demand?

The above curve is a

Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given by 

Information for pricing decision involves

When price elasticity of demand is unity, the total expenditure:

If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by

Demand analysis includes 

In case of Giffens goods, price effect is

The goods whose demand is not tied with the demand for some other goods are said to have 

Elasticity of demand measures the