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In respect of which of the following category of goods is consumers surplus highest?

A. Giffen goods

B. Necessities

C. Luxuries

D. Prestige goods

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

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  1. In the long-run competitive equilibrium:
  2. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  3. The Substitution Effect (S.E) is always:
  4. Monopolistic firm can fix:
  5. The General Theory of Employment, Interest and Money is the major work of :
  6. If the commodity is inferior then the increase in income of the consumer results in:
  7. Excess capacity is concerned with the:
  8. In which case the elasticity shown by the different points of a curve is the same?
  9. Nash equilibrium is applicable in case of:
  10. Kinked Demand Curve is consistent with which one of the following market situations?
  11. Cross-demand curve shows:
  12. The amount of income left over for a consumer in equilibrium is :
  13. Marginal utility means:
  14. In short run, a firm can change its:
  15. The reserve capacity in administration is advocated on the ground that demand for a product will:
  16. The products, under monopolistic competition are differentiated, yet they are:
  17. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  18. Supply of a commodity refers to:
  19. Each firm in cournot model can:
  20. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  21. An income demand curve of an inferior good is:
  22. Variable cost includes the cost of:
  23. In dominant price leadership model, the dominant firm set the:
  24. If two goods have same marginal utility for a consumer then:
  25. The costs faced by the firm against variable factors are:
  26. An economic theory is :
  27. The combination of labor and capital where the cost of a given output is minimized is known as:
  28. The main contribution of Adam Smith is in the field of:
  29. The slope of budget line shows the price ratios of:
  30. The advantage of using indifference curves rather than marginal utilities is: