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When the law of demand operates the demand curve:

A. Slopes downward

B. Slopes upward

C. Becomes horizontal

D. Becomes vertical

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

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  1. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  2. An increase in the supply of a commodity is caused by:
  3. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  4. In case of straight-line isoquant, the factors are not substituted because they are each others:
  5. When the output of a firm is increasing, its average fixed cost:
  6. A price is a ratio of exchange between:
  7. Price discrimination occurs when:
  8. An indifferent curve shows:
  9. The ordinary demand curve is also called:
  10. The factors of production in perfect competition are:
  11. Which industries spend a relatively large share of their revenue on research and development in order…
  12. If two goods are perfect substitutes then IC will be:
  13. When total product increases at a decreasing rate:
  14. The Hicksian demand curve includes:
  15. Increasing return to scales can be explained in terms of:
  16. If in the long run, output increases in the same proportion as increase in all the input in the given…
  17. The Law of Equi-Marginal Utility refers to:
  18. The production function of homogeneous of degree one (n=1) is also called:
  19. The necessary condition of firms equilibrium requires:
  20. A firm considering what type of new plant to build is involved in a:
  21. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  22. A demand curve which is horizontal and parallel to x-axis represents:
  23. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  24. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  25. In second degree price discrimination, monopolist takes away :
  26. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  27. Compared to perfect competition, a monopolist will charge:
  28. Microeconomics is also known as:
  29. According to Cobb-Douglas, in production function the marginal product of labor is:
  30. Marginal utility is only meant for: