Identify the factor, which generally keeps the price elasticity of demand for a commodity low:

A. Variety of uses for that commodity

B. Its low price

C. Close substitutes for that commodity

D. High proportion of the consumers income spent on it

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

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  1. Each firm in cournot model can:
  2. Now-a-days in real life, we are unable to fined:
  3. The difference between average total cost and average fixed cost shows:
  4. Any straight line supply which cuts the x-axis will have:
  5. Which is not an essential feature of a socialist economy?
  6. If a commodity sold under monopoly is got free of cost, then MC will be:
  7. Increasing return to scales can be explained in terms of:
  8. Which of the following oligopoly models is concerned with the maximization of joint profits?
  9. Economics is a:
  10. In Nash Equilibrium:
  11. If there are many firms producing similar but differentiated products, the competition is generally…
  12. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  13. Which of the following would be least likely to cause a consumer to eat less beef?
  14. If the demand curve is horizontal then its slope is:
  15. The price under perfect competition is settled by:
  16. A firm considering what type of new plant to build is involved in a:
  17. Social costs equal private costs when:
  18. The largest possible loss that a firm will make in the short run is:
  19. If two households have identical preferences but different incomes then:
  20. According to Chamberline, in monopolistic competition, differentiation is determined by:
  21. The cost curves of the firm shift due to changes in:
  22. A profit-maximizing monopolist in two separate markets will:
  23. In the range of excess capacity, the average costs are:
  24. Which of the following is not an explicit cost of production?
  25. For a few products such as insulin for diabetics,:
  26. In monopolistic competition, the individual demand curve is also known as:
  27. According to Marshal, the Law of Diminishing Returns is applicable to:
  28. Increasing returns imply:
  29. If the commodities X and Y are perfect substitutes then:
  30. Who finalized the model of monopolistic competition?