For a few products such as insulin for diabetics,:

A. The demand curve can be upward sloping

B. The price elasticity of demand could be zero

C. The price elasticity of demand could be greater than one

D. None of the above

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

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  1. Who wrote A Contribution to the Theory of Trade Cycle?
  2. The maximization of output subject to cost requires equilibrium at the:
  3. The alternative of profit maximization theory is:
  4. In second degree price discrimination, monopolist takes away :
  5. When the output of a firm is increasing, its average fixed cost:
  6. In 1890, Principles of Economics was written by:
  7. Price discrimination is possible:
  8. The proportionality rule in production requires that the ratios of MP and factor prices are:
  9. The Tit for Tat strategy means cooperation by the 2nd firm if:
  10. If a firm produces zero output in the short period then which statement is true?
  11. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  12. If the commodity is normal then fall in price will result in:
  13. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  14. On an indifference map higher indifference curves show:
  15. The elasticity of demand is equal to slope of demand function divided by:
  16. The main contribution of Prof.Robbins is in the field of:
  17. A monopoly producer usually earns:
  18. According to Marginalists, the price of any commodity is determined by:
  19. When elasticity of demand is less than one (e
  20. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  21. The consumer is in equilibrium at the where:
  22. Economics define technology as:
  23. The advantage of using indifference curves rather than marginal utilities is:
  24. Which of the following oligopoly models is concerned with the maximization of joint profits?
  25. Marginal Utility (MU) curve is always:
  26. A demand schedule is shown as:
  27. The act of producing the output from more than one plant is concerned with:
  28. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  29. The giffen paradox is an exception to law of:
  30. The slope of an iso-quant represents: