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Income distribution effects:

A. The price of complements

B. The price of substitutes

C. The market demand for commodities

D. The individuals scale of performances

Correct Answer : C.


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  2. The word ECONOMICS is derived from the Greek terms meanings:
  3. In long run, a firm can change:
  4. Which of the following pairs of commodities is an example of substitutes?
  5. Indifference curves reflect:
  6. Any expansion in output by a firm in the short period will always reduce the:
  7. Average Revenue means:
  8. In cournot model firms:
  9. If the demand curve is horizontal then its slope is:
  10. The total utility is gained by consuming:
  11. Income-elasticity of demand is expressed as:
  12. In dominant price leadership model, the dominant firm set the:
  13. Change in demand (rise and fall of demand) is:
  14. In monopolistic competition, the aim of the firm is to:
  15. Which of the following is called Gossens first law?
  16. Chamberline introduces the concept of:
  17. Slope of a demand curve is:
  18. In general, most of the production functions measure:
  19. Identify the economist who first developed the theory of income determination in its modern form:
  20. According to Marshallian approach, utility:
  21. Competitors in monopolistic competition have full control over:
  22. Marginal Utility (MU) curve is always:
  23. In collusive olligopoly, the firms may make:
  24. An increase in the supply of a commodity is caused by:
  25. The feasible part of the demand curve for the monopolist who is charging high price will be:
  26. The cost curves of the firm shift due to changes in:
  27. A fall in demand for the product under monopolistic competition will likely result in:
  28. For a commodity giving large consumers surplus, the demand will be:
  29. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  30. Which of the following models are associated with non-collusive oligopoly?