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At low prices, demand is likely to be:

A. More elastic

B. Less elastic

C. Unit elastic

D. Perfectly inelastic

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

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  1. In case of giffin good, price effect is:
  2. The marshallian indirect utility function in the form of equation is:
  3. The main contribution of Prof.Robbins is in the field of:
  4. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  5. According to Chamberline, in monopolistic competition, differentiation is determined by:
  6. A market-clearing price:
  7. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  8. Which is the first-order condition for the profit of a firm to be maximum?
  9. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  10. The concept of period refers to:
  11. The firm in cournot model:
  12. The relationship between AC and MC curves depend upon the behavior of:
  13. Marshalls definition of economics was strongly criticised by:
  14. Identify the work of Irving Fisher:
  15. Scarcity is:
  16. For a few products such as insulin for diabetics,:
  17. Normally when price per unit of time falls:
  18. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  19. The production techniques are technically efficient:
  20. Capital and Development Planning is the work of:
  21. The least cost combination of factors x , y and z will generally be the point at which:
  22. The number of sellers in duopoly is:
  23. Which of the following is assumed to be constant when drawing a demand curve?
  24. In case of monopoly:
  25. From the resource allocation view point, perfect competition is preferable because:
  26. The critics of Sweezy model say that kink generates:
  27. The largest possible loss that a firm will make in the short run is:
  28. In monopolistic competition, the individual demand curve is also known as:
  29. Total utility and price are:
  30. According to Leontief technology, there: