Downwards to the right
Upwards to the right
Backwards to the top
Inwards at the bottom
A. Downwards to the right
There is perfect information about prices
All participants in the market are small relative to the size of the overall market
There are many buyers and sellers
Buyers and sellers do not know each other
An axiom
A proposition
A hypothesis
A tested hypothesis
Vertical summation of individual demand curves
Upward summation of individual demand curves
Downward summation of individual demand curves
Horizontal summation of individual demand curves
MR=ATC
P=ATC
P=MC
P=AC
Excess capacity
Reserve capacity
Limited capacity
None of the above
Falling when average cost is falling
Rising when average cost is falling
Falling when average cost is rising
Rising when average cost is rising
Total cost or total variable cost
Total explicit cost
Total fixed cost
Total implicit cost
price
output
both a and b
none of the above
A specific tax on the monopolists output
A price ceiling that make the monopolist lower his price
A price floor that make the monopolist raise his price
A heavy tax on the monopolists profit
Grocery stores
High-Tech industries
Automobiles
Construction
Multiplying the number of unit by its marginal utility
Adding up the marginal utility of all units
Multiplying price by number of units
None of the above
Q.L
Q- L
Q+ L
Q/L
Concave to X-axis
Convex to X-axis
Concave to Y-axis
Convex to Y-axis
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
A fall in price
A decrease in the number of firms in the long-run
A decrease in the output of each firm
All of the above
Analyst
Catalyst
Pessimist
Optimist
Every consumer
Most consumers
All consumers
Some consumers and not for others
He should be condemned
He may lose his respect from society
He should be punished
He should not be punished or even criticised
Increases
Remains the same
Diminishes
Zero
With using indifference curves
With using MRS
Without using indifference curve
None of the above
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal
Restrict output to increase price
Produce where MC > P
Create a gap b/w quantity demanded and supplied
None of the above
Firm to the left
Industry to the right
Firm to the right
Industry to the left
Also decrease it
Increase it
Remain uneffected
None of the above
MC
AVC
TFC
AC
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
Become equal
Decrease
Become constant
Increase
A rising supply curve
A rising demand curve
A falling supply curve
A falling demand curve
Substitution Effect
Income Effect
Both substitution and income effect
None of them