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The demand curve of ostentation goods (Veblen 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. The vertical demand curve for a commodity shows that its demand is:
  2. Microeconomics is also known as:
  3. Micro economics is concerned with:
  4. In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
  5. The isoquant approach is based upon:
  6. When a consumer reached at the point of saturation then marginal utility (MU) is:
  7. Technological efficiency:
  8. Which of the following is assumed to be constant when drawing a demand curve?
  9. The modern cost curves are based upon the idea of:
  10. Capital and Development Planning is the work of:
  11. The fixed cost of a firm:
  12. The goods sold by firms under monopolistic competition are technological as well as:
  13. Which of the following is called Gossens first law?
  14. In economics, Externality means:
  15. The long run total cost is attained by:
  16. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  17. Robbins definition of economics was criticised by:
  18. Indifference curves reflect:
  19. The main contribution of Malthus is in the field of:
  20. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  21. Time Preference Theory of Interest was presented by:
  22. Human wants are:
  23. According to Marshal, the Law of Diminishing Returns is applicable to:
  24. Elasticity of supply means change in supply due to change in:
  25. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  26. Compared to perfect competition, a monopolist will charge:
  27. The slope of indifference curve shows:
  28. Price discrimination is undertaken with the aim of:
  29. The Purchasing Power Parity (PPP) Theory is presented by:
  30. Who first used the term Quasi-Rent?