A demand curve which is horizontal and parallel to x-axis represents:
Infinitely elastic demand
Infinitely inelastic demand
Relatively elastic demand
Relatively inelastic demand
- When AC curve falls, MC curve falls:
- Which of the following formula determine the income elasticity of demand?:
- The number of sellers in oligopoly are:
- To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
- The main contribution of Alfred Marshal is in the field of:
- The Law of Equi-Marginal Utility refers to:
- Government planners play a central role in allocating resources:
- Which of the following is assumed to be constant when drawing a demand curve?
- Under monopolistic competition, the products sold by the firms are:
- Total utility:
- Substitution effect means a consumer
- Robbins definition of economics was criticised by:
- Neutral Technological Progress can be defined as:
- When there is decrease in demand the demand curve:
- If cross-elasticity of one commodity for another turns out to be zero, it means they are:
- In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
- Marshallian demand function is also known as:
- Used cars are sold in:
- If the prices of goods rise then:
- Identify the work of T.W.Schultz:
- A demand curve is not related to:
- Who stated explicitly for the first time the Law of Camparative Costs?
- Who formulated the Post-Keynsian Theory of Distribution and Growth?
- A decrease in demand lowers the price the most:
- All of the following are capital resources except:
- When sales tax is imposed on monopolist, its:
- Under conditions of perfect competition, price in the long-run is equal to:
- In case of monopoly, both AR and MR fall, but MR falls:
- Other things remaining the same, when a consumers income increases his equilibrium point moves to:
- Technological Progress (Invention) can be defined as: