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An income demand curve of an inferior good is:

A. Upward sloping

B. Downward sloping

C. Constant in slope

D. None of the above

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

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  2. From analysis, it is clear that both Marshal and Walras market models are:
  3. Two policy variables, product and selling activities in the theory of firm was introduced by:
  4. If the consumers expect that the price of computers will decrease in next year then:
  5. The costs faced by the firm against variable factors are:
  6. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
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  9. If two goods are perfect substitutes then IC will be:
  10. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  11. According to translog production function, elasticity of substitution is:
  12. Which of the following is an implicit cost of production?
  13. In monopolistic competition, the firms follow:
  14. The indirect utility function is a homogeneous function of:
  15. When income of the consumer increases then demand curve of an inferior good:
  16. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  17. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  18. The demand of the necessities is:
  19. Substitution effect means a consumer
  20. The main contribution of Prof. R.G.D.Allen is in the field of:
  21. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  22. Elasticity of demand is equal to unity while marginal revenue is:
  23. In cournot model, firms make decisions separately regarding:
  24. The feasible part of the demand curve for the monopolist who is charging high price will be:
  25. In case of perfect competition, TR curve rises at a:
  26. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  27. The market demand shedule is determined by:
  28. If production increases under increasing returns to scale, the cost will:
  29. Cournot equilibrium is attained where two reaction curves:
  30. If the slope of the isoquant is equal to the slope of isocost, then isoquant is: