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When sales tax is imposed on monopolist, its:

A. Output is effected

B. Equilibrium is effected

C. Input is effected

D. Reputation is effected

Correct Answer : B.


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  2. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  3. In the case of complements, the cross demand curve slopes:
  4. Which of the following is called Gossens first law?
  5. An individual consumers demand is not determined by:
  6. Indifference curves reflect:
  7. The reaction curve of a firm is attained by joining the:
  8. Who first used the term Quasi-Rent?
  9. If the price of product A decreases and in the result the demand for product B increases then we can…
  10. In a competitive market, price is determined primarily by:
  11. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  12. A firm can never produce in the middle area of input space, in case of:
  13. In case of income effect, the level of consumers satisfaction rises when:
  14. In constant sum game (zero sum game), if there are two parties then:
  15. The law of demand is most directly a result of:
  16. An indifferent curve shows:
  17. On all points of budget (price) line:
  18. In first degree price discrimination, monopolist takes away :
  19. The spending of money by the producer to influence consumers is an example of:
  20. The main contribution of Malthus is in the field of:
  21. Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
  22. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  23. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  24. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  25. In monopoly:
  26. The production possibility curve (PPC) is concerned with:
  27. Income-demand curve shows:
  28. The maximization of output subject to cost requires equilibrium at the:
  29. Price elasticity of demand can be measured in the following way:
  30. In short run: