To calculate the elasticity of demand, which of the following formula is used?:

A. Percentage change in demand Original demand

B. Proportionate change in demand Proportionate change in price

C. Change in demand Change in price

D. None of the above

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

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  1. Which of the following is assumed to be constant when drawing a demand curve?
  2. The monopolist often lead to exploitation of:
  3. The factors of production in perfect competition are:
  4. The study of economic theory for the sake of certain objective is called:
  5. At a point above the middle of a straight line demand curve, elasticity of demand is:
  6. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  7. Which of the following has more elastic demand curve?
  8. The Lambda or Langrange Multiplier is a:
  9. According to Chamberlin, the activity of a monopolistic competitive firm:
  10. The production process is:
  11. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  12. The Hicksian indirect utility function in the form of equation is:
  13. Two policy variables, product and selling activities in the theory of firm was introduced by:
  14. After reaching the saturation point consumption of additional units of the commodity cause:
  15. The budget constraint can be written as:
  16. Each short run average cost curve:
  17. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  18. Efficient allocation of resources is achieved to a greater extent under:
  19. A budget line shows:
  20. A shift in the demand for a product is likely to result from a change in:
  21. By scarcity the economist means that all goods are scarce relative the peoples:
  22. The cost of firms in cournot model are:
  23. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  24. The game theory was basically presented by:
  25. The costs faced by the firm against variable factors are:
  26. Implicit costs are the costs:
  27. At final equilibrium in cournot model, each firm sells:
  28. Microeconomics is also known as:
  29. The effect of consumer boycotts usually is:
  30. If the slope of the isoquant is equal to the slope of isocost, then isoquant is: