# Complete the following statments

1) The relationship between demand for a good and price of its substitute is ______.
a) direct
b) inverse
c) no effect
d) can be direct and inverse
Ans:-a) direct

2) The relationship between income and demand for inferior goods is ______.
a) direct
b) inverse
c) no effect
d) can be direct and inverse
Ans:-b) inverse

3) Symbolically, the functional relationship between Demand and Price can be expressed as ______.
a) Dx = f(Px)
b) Dx = f(Pz)
c) Dx = f(y)
d) Dx = f(T)
Ans:- a) Dx=f(Px)

4) When less units are demanded at a high price it shows ______.
a) increase in demand
b) expansion of demand
c) decrease in demand
d) contraction in demand
Ans:- d) contraction in demand