Pure competition
Pure monopoly
Oligopoly
Monopolistic competition
C. Oligopoly
Left to right
Right to left
Both of them
None of them
L-shaped
J-shaped
M-shaped
V-shaped
Resource( factors of production) used in production became more costly
The technology of production improves
Consumers income increased
Some sellers left the market
Maximum
Zero
Minimum
Equal to one
A specific duration of time
A varying duration of time
A duration of time which permits necessary adjustments
A period with calculated intervals
Horizontally
Vertically
Permanently
Perpetually
The law of diminishing marginal utility
The law of demand
The Law of Diminishing Returns
The law of supply
E =1
E >1
E <1
E =0
Can influence the market price
Cannot influence the market price
Can sell at zero price
None of the above
Price system
Barter system
Islamic economic system
Socialistic system
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Infinite
Zero
Equal to one
None of the
Different
Similar
Opposite
None of the above
Alfred Marshal
J.S.Mill
David Ricardo
A.C.Pigou
Fixed factors
Variable factors
Both of them
None of them
Save as much of his income as possible
Spend as much of his income as possible
Buy everything at the lowest possible price
Make wise choices among available economic goods
A and B are substitute goods
A and B are complementary goods
A is an inferior good
B is an inferior good
Engels curve
Production indifference curve
Budget line
Ridge line
Price takers
Price setters
Price discriminators
None of the above
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
Applies on both money and other commodities
Does not apply on money
Does not apply on bank money but applies on cash money
Applies on all the commodities except on money
One
Zero
Two
Five
Current demand for computers will fall
Current demand for computers will rise
Current demand will change unpredictably
Current supply of computers will rise
The MU/P ratio has decreased
Of the income and substitution effects
Consumers tend to feel poorer when prices fall
When price falls the demand curve shifts right
Movement on the same demand curve
Upward shift of the demand curve
Downward shift of the demand curve
Upward or downward shift of the demand curve
Total utility to fall and marginal utility to increase
Total utility and marginal utility both to increase
Total utility to fall and marginal utility to become negative
Total utility to become negative and marginal utility to fall
Concave
Quasi-convex
Straight line
Convex
Abnormal profit
Zero profit
Normal profit
Negative profit
Will mainly paid by sellers of the product
By mainly paid by cigarette smokers
Be mainly paid by tobacco growers
None of the above