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In the case of complements, the cross demand curve slopes:

A. Downwards to the right

B. Upwards to the right

C. Backwards to the top

D. Inwards at the bottom

Correct Answer : A.


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  2. Along an isoquant, output remains same, and capital labor ratio:
  3. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  4. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  5. In second degree price discrimination, monopolist takes away :
  6. Efficient allocation of resources is likely to be achieved under:
  7. The advantage of using indifference curves rather than marginal utilities is:
  8. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  9. In monopolistic competition, the individual demand curve is also known as:
  10. Variable costs refer to:
  11. The model which gives us information about price and output changes in different periods is:
  12. Indifference curve represents:
  13. In collusive olligopoly, the firms may make:
  14. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  15. The standard form of demand function is:
  16. The alternative of profit maximization theory is:
  17. A demand curve which is horizontal and parallel to x-axis represents:
  18. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  19. At a point below the middle of a straight line demand curve, elasticity of demand is:
  20. Who finalized the model of imperfect competition?
  21. Under monopolistic competition, in long-run there is:
  22. If the demand curve is horizontal then its slope is:
  23. The isoquant approach is based upon:
  24. Which of the following formulae explain the term average revenue?
  25. The Law of Equi-Marginal Utility states:
  26. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  27. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  28. In cournot model, each firm makes decision regarding:
  29. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  30. Slope of a demand curve is: