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If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:

A. Horizontal

B. Vertical

C. Positively sloped

D. Negatively sloped

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  1. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  2. In cournot model, each firm makes decision regarding:
  3. If two goods are complements then indifference curve (IC) will be:
  4. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  5. Monopolistic firm can fix:
  6. A normal profit is:
  7. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  8. The difference between average total cost and average fixed cost shows:
  9. Price leadership is associated with:
  10. The spending of money by the producer to influence consumers is an example of:
  11. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  12. Price effect occurs on the higher IC in case of:
  13. Who is the author of Trade Cycle ?
  14. Human wants are:
  15. The demand curve of giffen goods will be:
  16. Competitors in monopolistic competition have full control over:
  17. The average fixed cost (AFC) curve is asymptote to:
  18. Inputs or Factors of production are defined as:
  19. The basic subject matter of economics is:
  20. In monopoly:
  21. Any straight line supply which cuts the x-axis will have:
  22. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  23. The number of sellers in duopoly is:
  24. Returns to scale is a:
  25. Monopoly means:
  26. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  27. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  28. Gold is bought and sold in a:
  29. The costs faced by the firm against fixed factors are:
  30. Which of the following is not a U shaped curve: