Income -elasticity of demand will be zero when a given change in income brings about:

A. A less than proportionate change in quantity demanded

B. A more than proportionate change in quantity demanded

C. The same proportionate change in quantity demanded

D. No change in quantity demanded

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

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  1. If the prices of goods rise then:
  2. The combination of labor and capital where the cost of a given output is minimized is known as:
  3. Price leadership is associated with:
  4. Which of the following is assumed to be constant when a supply curve is drawn:
  5. In case of economic bads, an IC can be :
  6. Total Utility (TU) curve:
  7. In case of monopoly, the slope of MR is:
  8. Contracts made by firms in cooperative games are:
  9. The main contribution of Prof. Lord Keynes is in the field of:
  10. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  11. Which is not a central problem of an economy?
  12. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  13. Supply of a commodity refers to:
  14. A firm under perfect competition has:
  15. If Cobb-Douglas production function is homogeneous of degree less than one (n
  16. In microeconomics, we study:
  17. In monopolistic competition, the firms follow:
  18. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  19. The partial equilibrium model keeps other things:
  20. Substitution effect means a consumer
  21. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  22. At final equilibrium in cournot model, each firm sells:
  23. If under perfect competition, in the short period, price does not cover the average cost completely,…
  24. A decrease in demand lowers the price the most:
  25. Marginal cost is the cost:
  26. Total fixed costs are:
  27. On the total utility curve the economically relevant range is the portion over which:
  28. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  29. The water diamond paradox was firstly resolved with the help of:
  30. Which of the following is called Gossens first law?