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Moving down along a linear demand curve:

A. Demand becomes less elastic

B. Elasticity does not change

C. Demand has unitary elasticity

D. Demand becomes more elastic

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  1. In monopolistic competition, if a firm lowers its price, the rival firms will:
  2. Cross-demand curve shows:
  3. In case the two commodities are complements, cross elasticity will be:
  4. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  5. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  6. Who first used the term Quasi-Rent?
  7. The elasticity of demand is equal to slope of demand function divided by:
  8. In case of monopoly, when total revenue is maximum:
  9. In dominant strategies I am doing the best, I can no matter:
  10. Because the price elasticity of demand for OPEC oil is approximately .08, in order to increase revenues…
  11. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  12. Marginal utility is only meant for:
  13. On an indifference map higher indifference curves show:
  14. Regarding economic decisions, economics of uncertainty identifies:
  15. Perfect competition implies:
  16. In case of short-run, the supply curve of an industry is the horizontal summation of:
  17. Total utility and price are:
  18. 7.In an economy based on the price system the decision on what shall be produced is made by:
  19. Demand is elastic when the coefficient of elasticity is:
  20. One way the government can induce a monopolist to expand his output is by imposing:
  21. The equilibrium level of output for the pure monopolist is where:
  22. Which of the following would be least likely to cause a consumer to eat less beef?
  23. If in the long run all factor inputs are increased three times and the resulting output is four times…
  24. A good tends to have relatively inelastic demand, if:
  25. A price is a ratio of exchange between:
  26. Which of the following is assumed to be constant when drawing a demand curve?
  27. The water diamond paradox was firstly resolved with the help of:
  28. The monopolist often lead to exploitation of:
  29. There is no difference between fixed and variable factors in the:
  30. The long run average cost curve is the envelope of: