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The cobweb model will divergent 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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  16. Each short run average cost curve:
  17. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  18. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  19. Which of the following theories of trade cycle was presented by William Jevons?
  20. Necessary condition for consumer equilibrium is:
  21. If Marginal Utility (MU) is zero, then total utility is:
  22. We can obtain consumers demand curve from:
  23. In the long-run competitive equilibrium:
  24. The difference between average total cost and average fixed cost shows:
  25. In case of monopoly, the price charged against the additional unit is:
  26. MC curve is:
  27. Under competitive conditions, the industry will be in equilibrium:
  28. Monopoly means:
  29. A market demand curve presumes that:
  30. The cost of one thing in terms of the alternative given up is known as: