If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
Horizontal
Vertical
Positively sloped
Negatively sloped
- In discriminating monopoly (price discrimination), the cost of production in two markets are:
- In cournot model, each firm makes decision regarding:
- If two goods are complements then indifference curve (IC) will be:
- If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
- Monopolistic firm can fix:
- A normal profit is:
- The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
- The difference between average total cost and average fixed cost shows:
- Price leadership is associated with:
- The spending of money by the producer to influence consumers is an example of:
- Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
- Price effect occurs on the higher IC in case of:
- Who is the author of Trade Cycle ?
- Human wants are:
- The demand curve of giffen goods will be:
- Competitors in monopolistic competition have full control over:
- The average fixed cost (AFC) curve is asymptote to:
- Inputs or Factors of production are defined as:
- The basic subject matter of economics is:
- In monopoly:
- Any straight line supply which cuts the x-axis will have:
- Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
- The number of sellers in duopoly is:
- Returns to scale is a:
- Monopoly means:
- Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
- If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
- Gold is bought and sold in a:
- The costs faced by the firm against fixed factors are:
- Which of the following is not a U shaped curve: