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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

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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 The concept of industry in monopolistic competition has been replaced by: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