Both parties make better-off
Both parties make worse-off
Both parties become Neutral
Both parties can become better off or worse off
D. Both parties can become better off or worse off
From different groups of consumers
For different uses
At different places
Any of the above
Income level
Satisfaction level
Marginal rate of substitution
Demand level
Chamberline
Sraffa
Carl marx
Robinson
Close substitutes are available
It has a high price
It is a luxury
It has no very close substitutes
Negative
Positive
Zero
Infinity
Wants are unlimited
Resources are scarce
Scarce resources have alternative uses
All of the above
Many goods
Few goods
Two goods
Three goods
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant
Social ownership of the means of production
Freedom of enterprise
Use of centralized planning
Government decisions
Auction market
Contract markets
Market for commercial office space
Natural gas market
Downward to the left
Downward to the right
Upward to the right
Upward to the left
The same level of price
The same level of satisfaction
The higher level of satisfaction
The lower level of satisfaction
In the immediate run
In the short run
When the supply is perfectly elastic
When producers have sufficient time to fully adjust to the demand change
Positive
Unitary
Negative
Infinite
Lead to greater specialization
Offsets the effects of the law the law of comparative advantage
Lead to greater diversification of individual production
Cause firms to use more capital and less labor
MRS
MRT
MRTS
MRPS
Of the last unit of production
Of marginal unit
Of marginal efficient units
Of the average units of production
Production cost
Collection cost
Raw material costs
Distribution costs
Gunner Myrdal
A.C.Pigou
J.M.Keynes
J.R.Hicks
Highly elastic
Perfectly inelastic
Perfectly elastic
Zero elastic
Rising
Falling
Parallel to X-axis
Parallel to Y-axis
Upward sloping
Downward sloping
Constant in slope
None of the above
The rising portion of its MR over and above the break-even (shut-down) point
The rising portion of its MC over and above the break-even (shut-down) point
The rising portion of its MC over and above the AC curve
The rising portion of its MC curve
Not relevant to elasticity
The only factor determining elasticity
Only one of the factors influencing elasticity
None of the above
More than maximum output
More than minimum output
Less than maximum output
Less than minimum output
Greater than one
Less than one
Zero
Equal to one
Weak orderings
Neutral orderings
Partial orderings
Strong orderings
Increases
Decreases
Remains constant
Becomes zero
Decreases
Increases
Remains constant
Zero
Equal to zero
Equal to one
Equal to infinite
More than one