The demand curve of giffen goods will be:

A. Negatively sloped

B. Positively sloped

C. Parallel to X-axis

D. None of the above

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

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  1. To attain maximum profits during short-run a firm should produce the output that will:
  2. Price discrimination occurs when:
  3. Duopoly is a market where there are:
  4. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  5. An exceptional demand curve is:
  6. In monopolistic competition, because of difference in choices, the firm charges:
  7. In case of economic bads, an IC can be :
  8. Labor Saving Technological Progress can be defined as:
  9. If there are many firms producing similar but differentiated products, the competition is generally…
  10. Which of the following is not a characteristic of a perfectly competitive market?
  11. According to the principle of substitution?
  12. For monopolistic competitive firm:
  13. Which of the following pairs of commodities is an example of substitutes?
  14. The good will highest income elasticity is:
  15. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  16. According to translog production function, elasticity of substitution is:
  17. When a consumer is satisfied with his spending pattern, he is said to be in:
  18. Law of variable proportions is based on the assumption of:
  19. The demand curve of ostentation goods (Veblen goods) will be:
  20. Most of the supply curves with which the average consumer deals are:
  21. MC is given by:
  22. One way the government can induce a monopolist to expand his output is by imposing:
  23. Of the following, which one is a characteristic of monopolistic competition?
  24. The firms in non-cooperative games:
  25. The point where the supply and demand curves intersect on a graph determines:
  26. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  27. External economies are witnessed in:
  28. The long run average cost curve is the envelope of:
  29. With the decrease in marginal valuation of a specific commodity, the price offered by the people:
  30. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…