The cobweb model will convergent when the slope of:

A. Demand curve is more than supply curve

B. Supply curve is more than demand curve

C. Supply curve is equal to demand curve

D. None of the above

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

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  1. The concept of industry in monopolistic competition has been replaced by:
  2. Price discrimination is possible:
  3. The Prisoners Dilemma was presented by A.W.Tucker in:
  4. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  5. The elliptical isoquant represents the:
  6. Price is measured in:
  7. The marshallian indirect utility function in the form of equation is:
  8. If a person behaves against the laws of economics then:
  9. An economic theory is :
  10. The act of producing the output from more than one plant is concerned with:
  11. The critics of Sweezy model say that kink generates:
  12. In cournot model, firms sell:
  13. Moving along the indifference curve leaves the consumer:
  14. The budget constraint equation of the firm is:
  15. The line from the origin to a point on an isoquant shows:
  16. Stable cobweb model is a:
  17. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  18. A mixed economy is characterized by the coexistence of:
  19. Microeconomics is also known as:
  20. A monopolist is able to maximize his profit when:
  21. The study of economics just in theoretical way is called:
  22. In the immediate run:
  23. Robbins definition of economics was criticised by:
  24. Equilibrium of a firm represents maximization of profits as well as:
  25. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  26. The model which gives us information about price and output changes in different periods is:
  27. In 1932, The nature and significance of economic science was written by:
  28. In price leadership, like leader, the follower firm may:
  29. The equilibrium conditions, MC = MR = AR = AC, will happen:
  30. Income effect operates through an increase