Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity
Change in quantity demanded of a commodity divided by change in price of that commodity
Percentage change in price of a commodity divided by percentage change in quantity demanded of that commodity
None of that commodity
A. Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity
Excess capacity
Reserve capacity
Limited capacity
None of the above
He should be condemned
He may lose his respect from society
He should be punished
He should not be punished or even criticised
Monopoly
Monopolistic competition
Perfect competition
Any market form
Price of commodity X in terms of Y
Price of commodity Y in term of X
Income of the consumer
All of the above
Not different
Same
Not same
Zero
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
Adam Smith
Prof.Pigno
Prof. Robbins
J.B.Clark
the individuals
industry
firms
associations
greater than zero
less than one
greater than one
less than one
Specialization of labor
Technological advancement
Marketing economics
Varying factor proportions
Repel each other
Represent each other
Intersect each other
None of the above
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
Zero (perfectly inelastic)
Equal to one (unitary elastic)
Infinite (perfectly elastic)
None of the above
Equal to unity
Less than unity
More than unity
Zero
Labor theory of value
Individual theory of value
Producer theory of value
Consumer theory of value
Monopoly
Perfect competition
Monopolistic competition
Oligopoly
Money
Capital resources
Scarcity
Inflation
The consumers real income has increased
The consumers real income has decreased
The product is now relatively less expensive than before
Other products are now less expensive than before
MC = MR
MC cuts the MR from below
MC rises when it cuts the MR
All the above three conditions are fulfilled
Q = a- bP
Y = a- bP
Q = a+ bP
Are downward sloping to the right
Show different input combination producing the same output
Intersect each other
Are convex to the origin
AP curves
MP curves
Both of them
None of them
J.M.Keynes
N.Kaldor
C.P.Kindleberger
Irving Fisher
Can influence the market price
Cannot influence the market price
Can sell at zero price
None of the above
The products price
Expectations
The prices of factors of production used to produced it
Production technology
Planned products curve
Planned material curve
Planned costs curve
Planned sales curve
Less than marginal revenue
Equal to marginal revenue
More than marginal revenue
None of the above
Slutsky approach
Hicksian approach
Marshallian approach
None of the above
Demand becomes less elastic
Elasticity does not change
Demand has unitary elasticity
Demand becomes more elastic
Reaction of rival firms
Reactions of people
No reaction of rival firms
None of the above