Statements of various assumptions or postulates

Logical deductions from the assumptions made

Testing the hypothesis against empirical evidence

All of the above

**In the case of an inferior commodity, the income-elasticity of demand is:****A demand curve is not related to:****In constant sum game (zero sum game), if there are two parties then:****If the commodities X and Y are perfect substitutes then:****A maximin strategy:****In short run, a firm can change its:****When in a market, the number of buyers is very large and the number of sellers is very small, it is…****On the total utility curve the economically relevant range is the portion over which:****In case of complementary factors, the isoquants are:****If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:****At a point above the middle of a straight line demand curve, elasticity of demand is:****According to Diamond Water Paradox diamonds are more expensive than water because:****With the expansion of output, the short run average cost curve, beyond a point, starts rising because:****Elasticity (E) expressed by the term, 8 >E>1, is:****The optimal strategy for a player is termed as:****All of the following curves are U-Shaped except:****If the slope of the isoquant is equal to the slope of isocost, then isoquant is:****At a point below the middle of a straight line demand curve, elasticity of demand is:****The cobweb model will convergent when the slope of:****Supply of commodity is a:****Now-a-days in real life, we are unable to fined:****The Substitution Effect (S.E) is always:****When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…****For the given production function, technical inefficiency is defined as:****If the demand curve is horizontal then its slope is:****In long run competitive equilibrium:****The long run average cost curve is:****According to Chamberline, in monopolistic competition, differentiation is determined by:****In the case of a giffen good, the income effect:****The CES production function shows:**