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Of the following commodities, which has the lowest price-elasticity of demand?

A. Car

B. Salt

C. Tea

D. House

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

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  1. If production increases under increasing returns to scale, the cost will:
  2. In monopoly, new firms:
  3. The low cost price leader will charge:
  4. The income effect means that consumer purchase more when:
  5. In the immediate run:
  6. The amount of income left over for a consumer in equilibrium is :
  7. Each SAC represents a particular level of:
  8. Classical production function is:
  9. In second degree price discrimination, monopolist takes away :
  10. The general form of Cobb-Douglas production function is:
  11. If the consumers expect that the price of computers will decrease in next year then:
  12. Marginal utility equals:
  13. In dominant price leadership model, the dominant firm set the:
  14. In the range of excess capacity, the average costs are:
  15. Normal profits are considered as:
  16. Rational economic behavior on the part of the consumer means that he will:
  17. The MC curve cuts the AVC and ATC curves:
  18. The competitive equilibrium leads to:
  19. If the commodity is inferior then:
  20. Identify the author of The Principles of political Economy and Taxation:
  21. Used cars are sold in:
  22. Which of the following is not a feature of isoproduct curves?
  23. A market demand curve presumes that:
  24. If a person behaves against the laws of economics then:
  25. Karl Marx:
  26. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  27. When total revenue is maximum in monopoly, elasticity of demand is:
  28. The Law of Diminishing Marginal Returns can be explained in terms of:
  29. The number of sellers in oligopoly are:
  30. Implicit costs are the costs: