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If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:

A. Equal to unity

B. Less than unity

C. More than unity

D. Zero

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  5. In long run competitive equilibrium:
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  9. Who wrote An Introduction to Positive Economics?
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  12. Total fixed costs are:
  13. In perfectly competitive markets, the profit maximization rule can be represented by:
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  16. According to critics, the assumption of costless production is:
  17. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  18. If by doubling all inputs in the long run output is less than double, it is a case of:
  19. Under Bandwagon effects, people use those goods which are used by their:
  20. The slope of isocost line (budget line) shows:
  21. The general form of Cobb-Douglas production function is:
  22. Abstinence or Waiting theory of Interest was presented by:
  23. Indifference curves reflect:
  24. In Nash equilibrium, a player:
  25. The cost of one thing in terms of the alternative given up is known as:
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  27. Traditionally, the study of determination of price is called:
  28. Nash Equilibrium is stable:
  29. In measuring price-elasticity:
  30. In short run, a firm can change its: