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A typical demand curve cannot be:

A. Convex to the origin

B. Concave to the origin

C. A straight line

D. Rising upwards to the right

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

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  1. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  2. The total revenue curve for monopolist is the shape of:
  3. Any expansion in output by a firm in the short period will always reduce the:
  4. The number of sellers in oligopoly are:
  5. Income-elasticity of demand is expressed as:
  6. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  7. The demand for cigarettes is price inelastic implying a unit tax on this commodity will
  8. In a socialist (communist) economy the invisible hand:
  9. When a consumer reached at the point of saturation then marginal utility (MU) is:
  10. A demand curve is not related to:
  11. When the demand curve is rectangular hyperbola, it represents:
  12. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  13. In long run, a firm can change:
  14. In substitution effect and income effect:
  15. Utility is a function of:
  16. The kink demand curve faced by an oligopolist is based on the assumption that:
  17. The MC curve cuts the AVC and ATC curves:
  18. Implicit costs are the costs:
  19. Firms average and marginal revenues are equal under:
  20. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  21. Cross-elasticity of demand is measured as:
  22. The combination of labor and capital where the cost of a given output is minimized is known as:
  23. With the change in the factor prices, the slope of the expansion path will:
  24. Total profits are maximized at the point where:
  25. The Law of Equi-Marginal Utility refers to:
  26. A high value of cross-elasticity indicates that the two commodities are:
  27. All of the following curves are U-Shaped except:
  28. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  29. At a point above the middle of a straight line demand curve, elasticity of demand is:
  30. Scarcity is: