Vertical summation of individual demand curves

Upward summation of individual demand curves

Downward summation of individual demand curves

Horizontal summation of individual demand curves

**Increasing return to scales can be explained in terms of:****The supply curve for the short-run competitive firm is the same as:****All the firms with identical costs under perfect competition well, in the long-run, earn only:****Average cost means:****At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…****Which of the following is assumed to be constant when drawing a demand curve?****In case of monopoly, the price charged against the additional unit is:****Increasing returns imply:****Identify the author of The Affluent Society?****In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:****The monopolist often lead to exploitation of:****In the theory of firm, Chamberline presented the idea of:****If there are many firms producing similar but differentiated products, the competition is generally…****According to Chamberlin, the activity of a monopolistic competitive firm:****Elasticity of supply means change in supply due to change in:****If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…****Total fixed costs are:****If the demand curve is horizontal then its slope is:****In first degree price discrimination, monopolist takes away :****The production process is:****According to Diamond Water Paradox diamonds are more expensive than water because:****If the commodity is normal then price effect is:****Microeconomics is also known as:****Under price discrimination, the buyers must:****The nominal income of a consumer is income in terms of:****Elasticity of Substitution (s) is defined as:****If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:****To get more revenue, a Finance Minister impose tax on that commodity which has:****In repeated game, the Prisoners Dillemma can have a:****If the price of a product falls then quantity demanded tends to increase ceteris paribus because:**