An upward pressure on price

A downward pressure on price

Price will remain unaffected

All of the above

**The Substitution Effect (S.E) is always:****The slope of indifference curve shows:****The cournot model is a model of:****Of the following, which one is a characteristic of monopolistic competition?****Cross-elasticity of demand or cross-price elasticity between two substitutes will be:****With elasticity of demand, the:****The entry of new firms in cournot model is:****In discriminating monopoly (price discrimination), the cost of production in two markets are:****Economies of large-scale production:****If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…****Equilibrium of a firm represents maximization of profits as well as:****In dominant strategies I am doing the best, I can no matter:****Which describes a competitive market?****Marginal revenue from a given output:****The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:****The firm in cournot model:****A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:****Microeconomics deals with the:****An indifferent curve shows:****The cost curves of the firm shift due to changes in:****Micro economics is concerned with:****Nash Equilibrium is stable:****When elasticity of demand is less than one (e****The Chamberline model recognizes mutual:****A monopolist is able to maximize his profit when:****The fundamental choices that a society must make about the use of its resources include:****Scarcity means:****Income effect operates through an increase****Price is measured in:****Price discrimination is undertaken with the aim of:**