In case of giffin good, price effect is:

A. Positive

B. Negative

C. Neutral

D. Infinite

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  1. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  2. 4.The Law of Diminishing Returns according to the modern view, applies to:
  3. If the price of product A decreases and in the result the demand for product B increases then we can…
  4. If a good is an inferior good then an increase in incomes of the consumers will:
  5. Used cars are sold in:
  6. According to Diamond Water Paradox diamonds are more expensive than water because:
  7. Income -elasticity of demand will be zero when a given change in income brings about:
  8. If the production increases under decreasing returns to scale, the cost will:
  9. Under monopolistic competition, the products sold by the firms are:
  10. The maximization of output subject to cost requires equilibrium at the:
  11. The demand curve of ostentation goods (Veblen goods) will be:
  12. In second degree price discrimination, monopolist takes away :
  13. Marginal utility is only meant for:
  14. The partial equilibrium model keeps other things:
  15. If a person behaves against the laws of economics then:
  16. Total costs are:
  17. Which of the following theories of trade cycle was presented by William Jevons?
  18. A profit-maximizing monopolist in two separate markets will:
  19. An indifferent curve shows:
  20. The difference between laws of return and laws of return to scale is:
  21. Extension (expansion) and contraction of demand are result of:
  22. The reaction curve of a firm is attained by joining the:
  23. Demand of a commodity is elastic when:
  24. Which form of market structure is characterized by interdependence in decision-making as between the…
  25. A firms profit is equal to:
  26. The longer the period of time, the elasticity of supply will be:
  27. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  28. In Prisoner Dilemma, the best choice of strategy is:
  29. A monopoly producer usually earns:
  30. Which of the following is not a feature of isoproduct curves?