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If the supply and demand increases equally, the price will:

A. Rise

B. Fall

C. Remain unchanged

D. Change depending on respective elasticities

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

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  1. Monopoly means:
  2. Economic problems arise because:
  3. Marshalls definition of economics was strongly criticised by:
  4. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  5. The general markets results from the imposition of price ceilings has been:
  6. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  7. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  8. A monopoly producer usually earns:
  9. If Cobb-Douglas production function is homogeneous of degree less than one (n
  10. Total variable cost curve:
  11. Which of the following curves is a rectangular hyperbola?
  12. Indifference curves reflect:
  13. In the long-run:
  14. The main contribution of Prof. Lord Keynes is in the field of:
  15. The budget line is described by each of the following except:
  16. In the long run:
  17. The goods sold by firms under monopolistic competition are technological as well as:
  18. The law of demand is most directly a result of:
  19. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  20. One common definition of a luxury good is a good with income elasticity:
  21. The giffen paradox is an exception to law of:
  22. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  23. With which of the following concepts is the name of J.M.Keynes particularly associated?
  24. Cartel is associated with:
  25. The advertisement and other selling activities:
  26. Abstinence or Waiting theory of Interest was presented by:
  27. The general form of Cobb-Douglas production function is:
  28. If in the long run all factor inputs are increased three times and the resulting output is four times…
  29. Rational economic behavior on the part of the consumer means that he will:
  30. The short run cost curve is U shaped because of: