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Define the term cementer awareness.
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Mention any two duties of a consumer.
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Explain briefly anyone determinant of an exceptional demand curve.
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Mention one way by which consumers are exploited in the market.
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Explain clearly three reasons as to why consumers are exploited.
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Public Distribution system is an _______ measure of government to protect the consumers.
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Mention one exception to the law of demand. Give one point only.
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State two circumstances under which the demand curve slopes upwards to the right.
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Explain the following diagram with reference to the concept of Giffen goods.
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Why are prestige good an exception to the law of demand?
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Law of supply does not apply to ______.
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The supply of perishable goods like milk, vegetables, fish is ______.
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Discuss any two exceptions to the law of supply.
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State one exception to the law of supply.
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What is meant by the contraction in demand?
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What is meant by an increase in demand?
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Explain any three duties of a consumer.
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If Coke and Fanta are close substitutes to each other, a rise in price of Coke will lead to ______ for Fanta.
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As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
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With the help of a graph explain the increase in demand concept.
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