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In case of monopoly, both AR and MR fall, but MR falls:

A. Double to that of AR

B. 1/2 to that of AR

C. 2/3 to that of AR

D. Four times to that of AR

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

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  2. Demand of a commodity is elastic when:
  3. Abstinence or Waiting theory of Interest was presented by:
  4. The Strategy of Economic Development is the work of:
  5. On all points of budget (price) line:
  6. The expansion point is attained by joining:
  7. In constant sum game (zero sum game), if there are two parties then:
  8. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  9. The average fixed cost (AFC) curve is asymptote to:
  10. Economic problems arise because:
  11. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  12. Time Preference Theory of Interest was presented by:
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  14. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  15. The market demand for any commodity is the:
  16. If a person behaves against the laws of economics then:
  17. In case of monopoly, when total revenue is maximum:
  18. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  19. A firm in a position of equilibrium is supposed to be maximizing:
  20. Nash Equilibrium is stable:
  21. The Substitution Effect (S.E) is always:
  22. The Law of Proportionality is another name of:
  23. The amount of income left over for a consumer in equilibrium is :
  24. In short run:
  25. Who wrote A Contribution to the Theory of Trade Cycle?
  26. Pure monopoly exists:
  27. A market demand curve presumes that:
  28. According to Diamond Water Paradox diamonds are more expensive than water because:
  29. If the price of Pepsi Cola goes down, you would predict:
  30. If the prices of goods rise then: