One of the factors affecting geographical distribution of population is

A. high birth rate

B. high death rate

C. encouragement of early marriage in the rural area

D. climate conditions of the different parts of the country

Standardization of products or services is a feature of

A. large firms

B. retailer

C. small firms

D. wholesaler

The amount of satisfaction obtained from the consumption of a commodity at a particular time is called

A. marginal utility

B. diminishing return

C. total utility

D. average utility

What are inferior goods? These are goods

A. that are generally in short supply

B. that are no longer in demand

C. whose demand falls as income increase

D. whose price falls as demand increases

In the analysis of utility theory, the basis of demand is

A. marginal utility

B. average utility

C. fixed utility

D. diminishing utility

In the normal market situation , when the price of a commodity rises the

A. demand for the commodity will rise

B. demand for the commodity will fall

C. supply of the commodity will be constant

D. supply of the commodity will fall

When the quantity of a commodity supplied increases and the quantity demanded decreases , there will be

A. a rise in price

B. no change in price

C. price fluctuation

D. a fall in price

The market price of a commodity is normally determined by the

A. law of demand

B. interaction of the force of demand and supply

C. total number of people in the market

D. total quantity of the commodity in the market

The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as

A. monopolistic competition

B. price discrimination

C. perfect competitive market

D. price control

A debenture holder is entitled to payment in the form of

A. allowance

B. interest

C. salary

D. donation