Also lower their prices
Increase their prices
Show no reaction
None of the above
A. Also lower their prices
Consumer
Producer
Farmer
All the producers and consumers
Real Marginal Utility
Gross Marginal Utility
Weighted Marginal Utility
Money Marginal Utility
Less quantity demanded at the same price
Less quantity demanded at a higher price
Less quantity demanded at a lower price
None of the above
Product costs
Real costs
Menu costs
Nominal costs
Slutsky approach
Hicksian approach
Marshallian approach
None of the above
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
MC = AC and P=MR
MC=MR and P =AR= ATC
MP = AP
MP < AP
MP > AP =0
MP > AP
Banned
Free
Partially free
Allowed
N.Kaldor
Alfred Marshal
J.M.Keynes
J.S.Duesenberry
A function of price alone
A result of change in tastes
A result of increase in the size of the family
None of the above
Both parties make better-off
Both parties make worse-off
Both parties become Neutral
Both parties can become better off or worse off
It may be nearly vertical
Quantity demanded is very sensitive to income
Demand is hardly affected by income
Close substitutes for the good are abundant
More than AC curve
Less than AC curve
Equal to AC curve
None of the above
Wants are unlimited
Resources are scarce
Scarce resources have alternative uses
All of the above
Other things being equal
Because of this
Due to this
All the factors changes at the same rate
Excess demand
Qd > Qs
Shortage of supply
All of the above
Maximum
Zero
Minimum
Equal to one
Very good substitutes
Poor substitutes
Good complements
Poor complements
Theory of price
Theory of value
Theory of labor
Theory of cost
Exact science
Inexact science
Pure science
All of the above
The effect of a change in price of X on its demand
The effect of a change in price of X on the demand for Y
The effect of a change in price of Y on its demand
None of the above
V-shaped selling cost
U-shaped selling cost
V-shaped purchasing material
U-shaped purchasing material
Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
Applies on both money and other commodities
Does not apply on money
Does not apply on bank money but applies on cash money
Applies on all the commodities except on money
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
Monopoly
Monopolistic competition
Perfect competition
Any market form
Input prices
Technological innovations
Both of them
None of them
per income rupee
More purchase
Less purchase
Same purchase
None of the above