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Elasticity (E) expressed by the term, 8 >E>1, is:

A. Perfectly elastic (infinitely elastic)

B. Relatively elastic (greater than one elasticity)

C. Unitary elastic

D. Relatively inelasticity (less than one elasticity)

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

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  5. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
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  7. According to the principle of substitution?
  8. In long run competitive equilibrium:
  9. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
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  14. When SAC curve rises, SMC curve lies its:
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  17. Entry of new firms into a competitive market will shift the supply curve of the:
  18. The basic and essential economic problems in a community are related to choice and:
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  20. Who is the author of Choice of Technique?
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  23. In the case of a giffen good, the income effect:
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  25. Inputs or Factors of production are defined as:
  26. The isoquant approach is:
  27. Under monopoly and imperfect competition MC is:
  28. The concept of industry in monopolistic competition has been replaced by:
  29. In the case of a normal goods, the income effect:
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