The giffen paradox is an exception to law of:
Supply
Demand
Production
Consumption
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- Stable cobweb model is a:
- The pay-off matrix shows:
- The relationship between price effect, income effect and substitution effect is:
- Increase in demand occurs when:
- Nash equilibrium says:
- Marshallian demand function is also known as:
- Gold is bought and sold in a:
- Necessary condition for consumer equilibrium is:
- A normal profit is:
- If X and Y are close substitutes, a rise in the price of X will lead to:
- Competitors in monopolistic competition have full control over:
- The long run average cost curve is:
- LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
- The normal long-run average cost curve is influenced by the:
- When total product increases at a decreasing rate:
- All the firms with identical costs under perfect competition well, in the long-run, earn only:
- Price discrimination occurs when:
- MRSxy measures:
- Two policy variables, product and selling activities in the theory of firm was introduced by:
- Opportunity costs are also known as:
- According to Marshal, the Law of Diminishing Returns is applicable to:
- In Edgeworth model, price remains:
- At high prices, demand is likely to be:
- Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
- Which of the following is not a property of indifference curve?
- Which of the following curves is a rectangular hyperbola?
- Elasticity (E) expressed by the term, 8 >E>1, is:
- Production is a function of:
- Classical production function is:
- The horizontal demand curve for a commodity shows that its demand is: