A market demand curve presumes that:

A. All consumers are alike

B. Incomes of all consumers is the same

C. Tastes of all consumers are the same

D. Consumers differ in taste, incomes and other matters

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Under monopolistic competition, the products sold by the firms are:
  2. The Law of Proportionality is another name of:
  3. Production indifference curve (isoquant) is a curve which shows:
  4. MC curve is:
  5. In case of economic bads, an IC can be :
  6. Who first used the term Quasi-Rent?
  7. The firm is at equilibrium where:
  8. Microeconomics deals with the:
  9. In income effect, we:
  10. Which industries spend a relatively large share of their revenue on research and development in order…
  11. All of the following are capital resources except:
  12. The reaction curve of a firm is attained by joining the:
  13. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  14. The number of sellers in oligopoly are:
  15. Micro economics is concerned with:
  16. Increasing return to scales can be explained in terms of:
  17. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  18. Now-a-days in real life, we are unable to fined:
  19. Formulation of an economic theory involves:
  20. To attain maximum profits during short-run a firm should produce the output that will:
  21. Law of Variable Proportions is regarding in:
  22. According to Marginalists, the price of any commodity is determined by:
  23. Capital and Development Planning is the work of:
  24. The long-run average cost is based on the fact that:
  25. In economic term water is a:
  26. The slope of budget line shows the price ratios of:
  27. Which of the following statement is wrong?
  28. The firms in non-cooperative games:
  29. The difference between the average total cost and average variable cost as output increases will:
  30. If price exceeds AVC but in smaller than AC at the best level of output, the firm is: