In the immediate run:

A. Supply curves are inelastic

B. Supply curves are perfectly elastic

C. Demand curves are elastic

D. Supply curves are elastic

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

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  1. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  2. Which of the following has more elastic demand curve?
  3. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  4. Each firm in cournot model starts selling:
  5. In sweezy model (kinked demand curve model), the role of MC curve:
  6. In Bertrand model, the entry of new firms is:
  7. The demand curve of ostentation goods (Veblen goods) will be:
  8. Economic laws are:
  9. A high value of cross-elasticity indicates that the two commodities are:
  10. In monopoly and perfect competition, TC curves are:
  11. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  12. In case of monopoly, both AR and MR fall, but MR falls:
  13. In dominant price leadership model, the small firms are like:
  14. Change in demand refers to:
  15. The behavior of MC curve is determined by the behavior of the:
  16. Price leadership is associated with:
  17. The ordinary demand curve is also called:
  18. A demand curve which is horizontal and parallel to x-axis represents:
  19. Moving along an indifference curve leaves the consumer:
  20. Marginal cost curve cuts the average cost curve:
  21. When marginal costs curve cuts average costs curve, average costs are:
  22. Economic problems arise because:
  23. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  24. Price-taker firms:
  25. The main contribution of Prof. R.G.D.Allen is in the field of:
  26. The relationship between price effect, income effect and substitution effect is:
  27. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  28. Which of the following is assumed to be constant when a supply curve is drawn:
  29. Market demand curve is:
  30. Price discrimination occurs when: