Q1. Describe the fundamental economic theories applied to the managerial decision making.
Q2. Describe the significant determinants of demand?
Q3. What do you mean by change in demand?
Q4. Are there any exceptions to the law of demand?
Q5. Differentiate between the autonomous demand and derived demand.
Q6. Differentiate between the short-run demand and long-run demand.
Q7. What do you mean by elasticity of demand?
Q8. Define the term Cross elasticity of demand.