To calculate the elasticity of demand, which of the following formula is used?:
Percentage change in demand Original demand
Proportionate change in demand Proportionate change in price
Change in demand Change in price
None of the above
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- Which of the following is assumed to be constant when drawing a demand curve?
- The monopolist often lead to exploitation of:
- The factors of production in perfect competition are:
- The study of economic theory for the sake of certain objective is called:
- At a point above the middle of a straight line demand curve, elasticity of demand is:
- If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
- Which of the following has more elastic demand curve?
- The Lambda or Langrange Multiplier is a:
- According to Chamberlin, the activity of a monopolistic competitive firm:
- The production process is:
- Cross-elasticity of demand or cross-price elasticity between two complements will be:
- The Hicksian indirect utility function in the form of equation is:
- Two policy variables, product and selling activities in the theory of firm was introduced by:
- After reaching the saturation point consumption of additional units of the commodity cause:
- The budget constraint can be written as:
- Each short run average cost curve:
- In short run, a firm would remain in business as long as which one of the following of cost is covered?
- Efficient allocation of resources is achieved to a greater extent under:
- A budget line shows:
- A shift in the demand for a product is likely to result from a change in:
- By scarcity the economist means that all goods are scarce relative the peoples:
- The cost of firms in cournot model are:
- A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
- The game theory was basically presented by:
- The costs faced by the firm against variable factors are:
- Implicit costs are the costs:
- At final equilibrium in cournot model, each firm sells:
- Microeconomics is also known as:
- The effect of consumer boycotts usually is:
- If the slope of the isoquant is equal to the slope of isocost, then isoquant is: