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Price discrimination is possible:

A. When elasticities of demand in different markets are the same at the ruling price

B. When elasticities of demand are different in different markets at the ruling price

C. When elasticities cannot be known

D. When elasticities of demands are zero in different markets at the rulling price

Correct Answer : B.


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  1. In monopolistic competition, because of difference in choices, the firm charges:
  2. Theory of revealed preference is based on:
  3. Change in demand refers to:
  4. In case of budget line, we get pairs of two goods where consumers income is:
  5. Competitors in monopolistic competition have full control over:
  6. After reaching the saturation point consumption of additional units of the commodity cause:
  7. Dumping is international discriminating:
  8. In Prisoners Dilemma, both the prisoners are interrogated:
  9. In which case the elasticity shown by the different points of a curve is the same?
  10. The game theory is concerned with:
  11. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  12. In Prisoners Dillemma, the players are:
  13. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  14. The total utility (TU) curve is:
  15. If the price of a product falls which of the following would occur?
  16. If, at the prevailing price, more of a good is desired than is available for sale:
  17. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  18. Monopoly means:
  19. If the demand curve is vertical then its slope is:
  20. The number of sellers in oligopoly is:
  21. The Law of Equi-Marginal Utility refers to:
  22. The number of sellers in oligopoly are:
  23. The slope of an iso-quant represents:
  24. Any straight line supply which cuts the x-axis will have:
  25. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  26. Because of selling costs, the demand curve of a firm shifts:
  27. A budget line shows:
  28. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  29. The game theory was basically presented by:
  30. The firm is said to be in equilibrium when the difference between revenue and cost is: