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The elasticity of demand is equal to slope of demand function divided by:

A. Average demand function

B. Qualified demand function

C. Constructive demand function

D. Relative demand function

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  1. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  2. The non-price competition cartel is a:
  3. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  4. When there is decrease in demand the demand curve:
  5. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  6. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  7. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  8. If demand increased and supply decreased then:
  9. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  10. For the given production function, technical efficiency is defined as:
  11. Which of the following has more elastic demand curve?
  12. One way the government can induce a monopolist to expand his output is by imposing:
  13. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  14. Short run cost curves are influenced by:
  15. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  16. According to Marginalists, the price of any commodity is determined by:
  17. The Law of Equi-Marginal Utility states:
  18. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  19. According to translog production function, elasticity of substitution is:
  20. 7.In an economy based on the price system the decision on what shall be produced is made by:
  21. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  22. In cournot model, firms make decisions separately regarding:
  23. Quantity demanded or supplied is measured in:
  24. Law of variable proportions is based on the assumption of:
  25. The marshallian indirect utility function in the form of equation is:
  26. Price leadership is associated with:
  27. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  28. Demand of a commodity is elastic when:
  29. Necessary condition for consumer equilibrium is:
  30. According to Marshallian approach, utility: