At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand is:

A. Equal to zero

B. Equal to one

C. Equal to infinite

D. More than one

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

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  1. If a person behaves against the laws of economics then:
  2. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  3. In case of income effect, the level of consumers satisfaction rises when:
  4. Which of the following would be least likely to cause a consumer to eat less beef?
  5. Identify the author of The Principles of political Economy and Taxation:
  6. Demand for a commodity is elastic when it has
  7. We can write ordinal utility function as:
  8. In microeconomics, we study:
  9. Law of Returns to Scale shows:
  10. If the demand curve is horizontal then its slope is:
  11. The optimum level of output in long run takes place where:
  12. On an indifference map higher indifference curves show:
  13. Increasing returns is not caused by:
  14. The entry of new firms in cournot model is:
  15. The equilibrium conditions, MC = MR = AR = AC, will happen:
  16. A decrease in demand lowers the price the most:
  17. If by doubling all inputs in the long run output is less than double, it is a case of:
  18. Scarcity means:
  19. An economic model describing the working of an economy consists of:
  20. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  21. For the given production function, technical inefficiency is defined as:
  22. A firm in a position of equilibrium is supposed to be maximizing:
  23. In constant sum game (zero sum game), if there are two parties then:
  24. Which describes a competitive market?
  25. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  26. Contraction in demand occurs when:
  27. When total product increases at a decreasing rate:
  28. When a consumer is satisfied with his spending pattern, he is said to be in:
  29. Which is not an essential feature of a socialist economy?
  30. The fundamental choices that a society must make about the use of its resources include: