In measuring price-elasticity:

A. Price is a dependent variable and quantity is an independent variable

B. Price is an independent variable and quantity is a dependent variable

C. Price and quantity both are independent variables

D. Price and quantity both are dependent variables

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

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  1. Isocost line shows the combinations of labor and capital where a firms budget is:
  2. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  3. The slutsky demand curve includes:
  4. Engel curves shows that:
  5. Capital Saving Technological Progress can be defined as:
  6. In monopolistic competition, the customers are attached with one product because of:
  7. If the supply and demand increases equally, the price will:
  8. Which of the following models are associated with non-collusive oligopoly?
  9. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  10. Cardinal approach includes arranging:
  11. In non-collusive oligopoly firms enter into:
  12. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  13. In monopolistic competition, because of difference in choices, the firm charges:
  14. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  15. The falling part of total Utility (TU) curve shows:
  16. Scarcity is:
  17. Price discrimination is possible:
  18. Each firm in cournot model assumes that its competitor will:
  19. The shape of the TC curve is:
  20. Theory of revealed preference is based on:
  21. Consumer surplus is the difference between
  22. The number of sellers in oligopoly is:
  23. According to Leontief technology, there:
  24. Economic laws are:
  25. Slope of a demand curve is:
  26. Which is not an essential feature of a socialist economy?
  27. Elasticity of demand is equal to unity while marginal revenue is:
  28. The effect of consumer boycotts usually is:
  29. At high prices, demand is likely to be:
  30. Indifference curve represents: