The Substitution Effect (S.E) is always:

A. Negative

B. Zero

C. Positive

D. Infinite

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

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  1. Which of the following statement is wrong?
  2. Time Preference Theory of Interest was presented by:
  3. The word ECONOMICS is derived from the Greek terms meanings:
  4. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  5. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  6. Regarding economic decisions, economics of uncertainty identifies:
  7. The kinked demand curve comes into being where:
  8. The nominal income of a consumer is income in terms of:
  9. In dominant price leadership model, the small firms are like:
  10. If a commodity sold under monopoly is got free of cost, then MC will be:
  11. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  12. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  13. In substitution effect, we:
  14. The short-run supply curve of the perfectly competitive firm is given by:
  15. The normal long-run average cost curve is influenced by the:
  16. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  17. Selling costs are incurred under monopolistic competition to:
  18. In a perfectly competitive market, suppliers must know:
  19. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  20. Variable cost includes the cost of:
  21. The cost of one thing in terms of the alternative given up is known as:
  22. Who developed the concept of Representative Firm?
  23. Who wrote An Introduction to Positive Economics?
  24. In the immediate run:
  25. An iso-product (an isoquant) curve slopes:
  26. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  27. When total revenue (TR) falls in monopoly then elasticity of demand is:
  28. Duopoly is a market where there are:
  29. In cournot model, each firm makes decision regarding:
  30. In short-run, in monopolistic competition, a firm earns: