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A demand curve which is horizontal and parallel to x-axis represents:

A. Infinitely elastic demand

B. Infinitely inelastic demand

C. Relatively elastic demand

D. Relatively inelastic demand

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