Excess demand
Qd > Qs
Shortage of supply
All of the above
D. All of the above
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unitary elastic
Relatively inelasticity (less than one elasticity)
Single-plant monopolist
Multi-plant monopolist
Two-plant monopolist
Some-plant monopolist
Donot change
Change
Both a and b
None of the above
Input factor
Heavy factor
Output factor
Load factor
Transforming Traditional Agriculture
Productivity and Technical Change
Jobs, Poverty and the Green Revolution
Causes of Poverty
Social costs
Opportunity costs
Explicit costs
Implicit costs
Equal
Different
Zero
Infinity
Monopoly
Oligopoly
Imperfect competition
Perfect competition
Move to another indifference curve
Move along given indifference curve
Move to a higher indifference curve
Move to a lower indifference curve
Income effect
Price effect
Substitution effect
None of the above
LMC.Q
AC.Q
LC.Q
LAC.Q
Product markets
Factor markets
Supply and demand
a, b and c
Isoquant line
Isocost line
Indifference curve
Price line
Control over production but not over price
Control neither on production nor on price
Control over consumers
Control over production as well as over price
Maximum
Zero
Minimum
Equal to one
The products price
Expectations
The prices of factors of production used to produced it
Production technology
Desire for them
Purchases
Production
Consumption
Positive
Negative
Neutral
Infinite
Positive
Unitary
Negative
Infinite
U = x1 x2
U = x1 + x2
U = y1 +x1
U = x1.x2
Decrease in the future
Increase in the future
Remain constant
None of the above
Engels curve
Production indifference curve
Budget line
Ridge line
Monopoly
Perfect competition
Oligopoly
Imperfect competition
Increases
Decreases
Remains constant
Becomes zero
Is not in equilibrium
Will not buy any banana
Will buy some banana but less than he buys of apples
Is willing to pay more for apples than bananas
Negative
Positive
Zero
Infinite
Negative
Positive
Infinite
Zero
Total cost or total variable cost
Total explicit cost
Total fixed cost
Total implicit cost
At different points
At the falling parts of each
At their respective minimums
At the rising parts of each
Greater than one
Less than one
Zero
Equal to one