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In a law of demand there is an inverse relationship between the price and quality demanded. True or False?
MrAndyProcter
True
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∙ 8y ago
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Discuss the assumption of law of demand?
There is an inverse relationship between quantity demanded and its price. The people know that when price of a commodity goes up its demand comes down. When there is decrease in price the demand for a commodity goes up. There is inverse relation between price and demand . The law refers to the direction in which quantity demanded changes due to change in price. Assumptions of the law There is no change in income of consumers. There is no change in the price of product. There is no change in quality of product. There is no substitute of the commodity. The prices of related commodities remain the same. There is no change in customs. There is no change in taste and preference of consumers. The size of population remains the same. The climate and weather conditions are same. The tax rates and other fiscal measures remain the same.
What is the relation between Price and quantity demand?
The higher the quality demanded, the more tolerance there is for higher prices. Customers will still seek the lowest-priced option that meets their quality demands, but will generally not settle for lower-priced items that are not of sufficient quality.
Differences between Demand and quantity demand?
Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
What are the relationship between cost and value?
The cost is the amount of money to produce something or to buy something, while value is the consumer's expectation of the product quality to the actual cost paid for it.
What is the difference between quantity and quality?
same as quantity is something of everything and quality is everything of something
What is the relationship between aquaculture and water quality?
They have an inverse (negative) relationship.
Discuss the assumption of law of demand?
There is an inverse relationship between quantity demanded and its price. The people know that when price of a commodity goes up its demand comes down. When there is decrease in price the demand for a commodity goes up. There is inverse relation between price and demand . The law refers to the direction in which quantity demanded changes due to change in price. Assumptions of the law There is no change in income of consumers. There is no change in the price of product. There is no change in quality of product. There is no substitute of the commodity. The prices of related commodities remain the same. There is no change in customs. There is no change in taste and preference of consumers. The size of population remains the same. The climate and weather conditions are same. The tax rates and other fiscal measures remain the same.
What is the relationship between broader vision of selflessness and quality of work?
Border Vision of selflessness improves the quality of work........
Oppositional relationship between categorical propositions where propositions differ in quality and quantity?
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What is the relation between Price and quantity demand?
The higher the quality demanded, the more tolerance there is for higher prices. Customers will still seek the lowest-priced option that meets their quality demands, but will generally not settle for lower-priced items that are not of sufficient quality.
What is the difference between quantative and quality time in a relationship?
Quantitative time- is how much(time) Quality time- deals with the degree in which the time was spent
Differences between Demand and quantity demand?
Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
What is kirana store?
it refers to the stores were, food itimes are give on demanded quantity & quality ...
What is the relationship between price and quality?
When the prices of goods increase,people have to spend more money to buy them and thus have less money to do othr entaertainment thus their material life will be worse.Material life is one of the aspect affects our quality of life so the changes of price actually has a close relationship with quality of life.
Is it possible to be agile and still maintain a quality focus?
Yes. You need to have good documentation and a thorough understanding of the relationship between modules.
What is difference between tester and QA?
QA is a set of activities whose purpose is to demonstrate that an entity meets all quality requirements . QA has to ensure that the activity is not violating from the standard process. testing is an activity whose purpose is to ensure the quality requirements being met. tester has to ensure that the end product has the required/demanded quality
