Increase in demand occurs when:
The price falls and the demand also falls down
The price increases but demand falls down
The price increases the demand remains constant and when the price remains constant the demand goes up
The price remains constant but demand falls
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- Moving along an indifference curve leaves the consumer:
- Traditionally, the study of determination of price is called:
- A good tends to have relatively inelastic demand, if:
- Under the perfect competition, the transportation cost:
- The giffen paradox is an exception to law of:
- There is no difference between fixed and variable factors in the:
- In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
- In Edgeworth model, if price falls below competitive price, the demand is:
- For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
- If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
- In real life, brand loyalty is a barrier to:
- Normally when price per unit of time falls:
- The real income of a consumer is income in terms of:
- A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
- In the range of excess capacity, the average costs are:
- Production function relates:
- Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
- A maximin strategy:
- An effective price ceiling usually results in:
- In short run, a firm can change its:
- The difference between average cost and average revenue is:
- The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
- The monopolist who is producing the same output from two (or more than two) plants is concerned with:
- The ordinary demand curve is also called:
- Who first formulated the Marginal Productivity Theory of Distribution?
- After reaching the saturation point consumption of additional units of the commodity cause:
- Which cost increases continuously with the increase in production?
- If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
- The necessary condition of firms equilibrium requires:
- In cournot model, firms sell: