At a point above the middle of a straight line demand curve, elasticity of demand is:

A. Less than one

B. Equal to one

C. More than one

D. Equal to infinite

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

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  1. The name of the system of direct exchange is:
  2. The slope of the iso-cost line (budget line) is determined by:
  3. Ordinal approach includes arranging:
  4. The main contribution of Prof.Robbins is in the field of:
  5. In terms of price, the indirect utility function may be:
  6. Scarcity means:
  7. In the case of a normal goods, the income effect:
  8. A dominant strategy can best be described as:
  9. Contraction in demand occurs when:
  10. Price discrimination is possible:
  11. In general, most of the production functions measure:
  12. If the supply and demand increases equally, the price will:
  13. If, at the prevailing price, more of a good is desired than is available for sale:
  14. The feasible part of the demand curve for the monopolist who is charging high price will be:
  15. In measuring price-elasticity:
  16. The indirect utility function is a homogeneous function of:
  17. In cournot model, firms sell:
  18. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  19. According to Marshallian approach, utility:
  20. Change in quantity demanded refers to:
  21. Robbins definition of economics was criticised by:
  22. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  23. A firm under perfect competition has:
  24. An optimum level of a firms output is:
  25. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  26. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  27. Who finalized the model of imperfect competition?
  28. According to Chamberlin, the activity of a monopolistic competitive firm:
  29. The main contribution of Malthus is in the field of:
  30. All money costs can be regarded as: