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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. Identify the author of The Principles of political Economy and Taxation:
  2. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  3. Under monopoly and imperfect competition MC is:
  4. If in the long run, output increases in the same proportion as increase in all the input in the given…
  5. Law of Variable Proportions is regarding in:
  6. Robbins definition of economics was criticised by:
  7. The number of sellers in duopoly is:
  8. Short run cost curves are influenced by:
  9. In which case the elasticity shown by the different points of a curve is the same?
  10. A demand curve which is horizontal and parallel to x-axis represents:
  11. Identify the author of The Social Framework:
  12. The firms in non-cooperative games:
  13. In the case of an inferior commodity, the income-elasticity of demand is:
  14. According to Saint Thomas Aquinas value is determined by God, but prices by:
  15. The feasible part of the demand curve for the monopolist who is charging high price will be:
  16. Consumers Surplus can also be defined as:
  17. Nash Equilibrium is stable:
  18. At a point below the middle of a straight line demand curve, elasticity of demand is:
  19. The output where TC = TR & AC = AR:
  20. In repeated game, the Prisoners Dillemma can have a:
  21. In first degree price discrimination, monopolist takes away :
  22. The slope of budget line shows the price ratios of:
  23. The supply curve for the short-run competitive firm is the same as:
  24. The Strategy of Economic Development is the work of:
  25. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  26. The consumer is in equilibrium at the where:
  27. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  28. A monopolist:
  29. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  30. Demand is consumers: