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The slope of budget line shows the price ratios of:

A. Many goods

B. Few goods

C. Two goods

D. Three goods

Correct Answer : C.


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  1. In monopolistic competition, the customers are attached with one product because of:
  2. The normal long-run average cost curve is influenced by the:
  3. The vertical demand curve for a commodity shows that its demand is:
  4. If both demand and supply were to increase then:
  5. If a new production technology for producing compact discs is developed and new firms are attracted…
  6. The marginal revenues are derivatives of:
  7. The Substitution Effect (S.E) is always:
  8. Because of selling costs, the demand curve of a firm shifts:
  9. Which one of the following has been the most influential work of F.H.Knight?
  10. Price mechanism has also given the name:
  11. A firm can never produce in the middle area of input space, in case of:
  12. The main contribution of David Ricardo is in the field of:
  13. Income effect operates through an increase
  14. The ordinary demand curve is also called:
  15. If a person behaves against the laws of economics then:
  16. The main contribution of Prof. Lord Keynes is in the field of:
  17. In case of monopoly, when total revenue is maximum:
  18. Economics is a:
  19. The slope of marshallian demand curve is:
  20. Marshallian demand function is also known as:
  21. Each firm in cournot model can:
  22. An increase in the price of the good measured on the horizontal axis causes:
  23. Indifference curves reflect:
  24. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  25. If the commodity is inferior then:
  26. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  27. Economic laws are:
  28. The Strategy of Economic Development is the work of:
  29. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  30. To attain maximum profits during short-run a firm should produce the output that will: