Question : Any statement about an object's demand is considered complete if it includes the following:

Option 1: Price of goods

Option 2: Time period
 

Option 3: Demand of good

Option 4: All of the above.

Question : A unit price elastic demand curve will touch 

Option 1: Both price and quantity axis .

Option 2: Neither price axis , nor quantity axis.

Option 3: Only price axis .

Option 4: Only quantity axis .

Question : Which of the following is an assumption made while drawing the demand curve
a:The demand curve must be linear
b:The price of substitutes should not change
c: The quantity demanded should not change
d: The price of the commodity should not change

Option 1: A and B 

Option 2: B only

Option 3: A, B and C only

Option 4: A, B, C and D all

Question : What demonstrates the causal link between quantity demand and its driving factors?
A: Government Policies 
B: Taste and Preferences 
C: Price of Related Goods

Option 1: A only

Option 2:  B only 

Option 3: B and C only

Option 4: A, B, and C 

Question : Which element of marketing mix is highlighted in the given statement?
Statement: It includes deciding about the features,quality,packaging,labelling and branding of the products.
 

Option 1: Product
 

Option 2: Price
 

Option 3: Place
 

Option 4: Promotion