Change in quantity demanded (expansion and contraction of demand) is:

A. Due to change in price while other factors remain constant

B. Due to change in factors other than price

C. Both a and b

D. None of the above

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

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  1. The number of firms in monopolistic competition normally range between:
  2. The fundamental choices that a society must make about the use of its resources include:
  3. One common definition of a luxury good is a good with income elasticity:
  4. Which of the following oligopoly models is concerned with the maximization of joint profits?
  5. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  6. Law of Returns to Scale shows:
  7. In long run, a firm can change:
  8. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  9. Under monopolistic competition, the products sold by the firms are:
  10. Income-demand curve shows:
  11. Who wrote An Introduction to Positive Economics?
  12. Which of the following is assumed to be constant when drawing a demand curve?
  13. By scarcity the economist means that all goods are scarce relative the peoples:
  14. When a consumer reached at the point of saturation then marginal utility (MU) is:
  15. The short-run periods in monopolistic competition are:
  16. In monopolistic competition, the firms have to face:
  17. The output where TC = TR & AC = AR:
  18. Which of the following is not a U shaped curve:
  19. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  20. The number of sellers in oligopoly are:
  21. The basic and essential economic problems in a community are related to choice and:
  22. Income distribution effects:
  23. Elasticity (E) expressed by the term, 8 >E>1, is:
  24. A firm under perfect competition has:
  25. Cartel is associated with:
  26. If two households have identical preferences but different incomes then:
  27. Elasticity (E) expressed by the term, 1>E>0, is:
  28. The pay-off matrix shows:
  29. The Law of Equi-Marginal Utility refers to:
  30. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…