# 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