Question

)Test wheather the following statement are true or false if there are errors rewrite the statement using correct words :

(2×7)

a) Demand refers to the willingness of buyers to purchase different quantities of a good at different prices during a

specific period , Ceteris paribus -

b) As the price of apple rises, the demand for

apple's falls , Ceteris paribus -

C) Demand curve refers to demand for a commodity -

d) Elasticity of demand is a quantitive change in demand due to price changes only-

e) Price of apples fall by 20% and as a result demand for apples rose by 25% demand for apples is relatively inelastic -

f) Operating system software 'window' is a complement to computer processor. If the price of computer processor ,

decline ,

then we should expect the demand for operating system software to decline -

g) If an increase in the price of one commodity leads to an increase in demand for a second commodity then the two

commodities are complements​

Answer 1

Answer:

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