Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

The model which gives us information about price and output changes in different periods is:

A. Stable cobweb model

B. Perpetual oscillation

C. Both(a) and(b)

D. None of them

Correct Answer :

C. Both(a) and(b)


Share this question with your friends
Show all Basics of Economics MCQ

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

Submit
Load More..

Related Questions

The critics of Sweezy model say that kink generates: When at a given price, the quantity demanded of a commodity is more than… Price discrimination is possible: The minimization of costs subject to output requires equilibrium at the… The substitution effect works to encourage a consumer to purchase more… Social costs equal private costs when: Which of the following is an implicit cost of production? If in the long run, output increases in the same proportion as increase… Which of the following formulae explain the term average revenue? In monopolistic competition, the firm compete on the basis of: One common definition of a luxury good is a good with income elasticity: A high value of cross-elasticity indicates that the two commodities are: Moving down along a linear demand curve: In a socialist (communist) economy the invisible hand: Price discrimination is possible: The proportionality rule in production requires that the ratios of MP… A firm considering what type of new plant to build is involved in a: Who is the author of Trade Cycle ? If the price of Pepsi Cola goes down, you would predict: General equilibrium is concerned with simultaneous equilibrium of: In long run competitive equilibrium: At high prices, demand is likely to be: In 1776, a famous book An enquiry into the nature and causes of the wealth… Under which of the following forms of the market structure does a firm… Identify the author of The Social Framework: 4.The Law of Diminishing Returns according to the modern view, applies… A budget line shows: Price discrimination is undertaken with the aim of: When total revenues equal to total opportunity cost then the firm will… Cross-elasticity of demand or cross-price elasticity between two substitutes…

Also checkout

PageMaker MCQ Engineering Mechanics MCQ Height and Distance MCQ Rearrangement Set 8 MCQ Surds and Indices MCQ AP Studio Art 3D Design MCQ Creative Writing MCQ Current Affairs April 2023 MCQ Facebook MCQ Idioms & Phrases MCQ Statutory Deductions MCQ Pipes and Cistern MCQ