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If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:

A. Contraction of demand

B. Decrease in demand

C. Increase in demand

D. Extension of demand

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

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  1. If the price of product increases and in the result the demand for product B also increases then:
  2. In case of straight-line isoquant, the factors are not substituted because they are each others:
  3. We can obtain consumers demand curve from:
  4. Under monopolistic competition, the firms compete alongwith:
  5. The games which played by players again and again are called:
  6. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  7. Change in demand refers to:
  8. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  9. In collusive olligopoly, the firms may make:
  10. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  11. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  12. The equilibrium level of output for the pure monopolist is where:
  13. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  14. The longer the period of time, the elasticity of supply will be:
  15. Marginal cost curve cuts the average cost curve:
  16. In sweezy model (kinked demand curve model), the role of MC curve:
  17. In Edgeworth model, if price falls below competitive price, the demand is:
  18. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  19. If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
  20. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  21. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  22. In the case of an inferior commodity, the income-elasticity of demand is:
  23. The law of variable proportions comes into being when:
  24. A monopoly producer usually earns:
  25. Some economists refer to iso-product curves as:
  26. The production process is:
  27. Which of the following is called Gossens first law?
  28. The long-run AC curve is constructed from:
  29. Social costs equal private costs when:
  30. If the price of a product falls which of the following would occur?