For a commodity giving large consumers surplus, the demand will be:

A. Less elastic

B. More elastic

C. Unit elastic

D. Zero elastic

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  1. Classical production function is:
  2. The general markets results from the imposition of price ceilings has been:
  3. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  4. The number of sellers in oligopoly are:
  5. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  6. Rotten eggs are:
  7. In case of monopoly, both AR and MR fall, but MR falls:
  8. Who first used the term Quasi-Rent?
  9. In perfect cartel, the:
  10. Who wrote Mathematical Analysis for Economists?
  11. Normal profits are considered as:
  12. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  13. At final equilibrium in cournot model, each firm sells:
  14. In substitution effect, we:
  15. The Law of Proportionality is another name of:
  16. In a competitive market, price is determined primarily by:
  17. In collusive olligopoly, the firms may make:
  18. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  19. The relationship between AC and MC curves depend upon the behavior of:
  20. Under conditions of perfect competition, price in the long-run is equal to:
  21. In real life, brand loyalty is a barrier to:
  22. The Prisoners Dilemma was presented by A.W.Tucker in:
  23. Which of the following has more elastic demand curve?
  24. Marginal cost is found with the help of changes in:
  25. A monopoly producer usually earns:
  26. Who wrote A Contribution to the Theory of Trade Cycle?
  27. The concept of industry in monopolistic competition has been replaced by:
  28. In case of perfect competition, TR curve rises at a:
  29. The main contribution of Malthus is in the field of:
  30. In repeated game, the Prisoners Dillemma can have a: