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With an increase in income, consumer is expected to buy more of:

A. An inferior good

B. A giffen good

C. A normal(or superior) good

D. None of the above

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

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  1. In the range of excess capacity, the average costs are:
  2. A monopolist:
  3. Which of the following has more elastic demand curve?
  4. The alternative of profit maximization theory is:
  5. In the perfect competition, there is a process of:
  6. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  7. If the commodity is inferior then:
  8. Short run cost curves are influenced by:
  9. Efficient allocation of resources is likely to be achieved under:
  10. The income effect means that consumer purchase more when:
  11. An economic model describing the working of an economy consists of:
  12. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  13. The short-run periods in monopolistic competition are:
  14. Liquidity of Preference Theory was introduced by:
  15. Diminishing returns occur when a firm:
  16. If the price of product A decreases and in the result the demand for product B increases then we can…
  17. A monopoly producer has:
  18. Under perfect competition, a firm will be in equilibrium if:
  19. Dumping is international discriminating:
  20. The demand curve of ostentation goods (Veblen goods) will be:
  21. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  22. The effect of consumer boycotts usually is:
  23. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  24. AR curve under perfect competition:
  25. Price discrimination is possible:
  26. In centralized cartel, the firms are like:
  27. When the demand curve is rectangular hyperbola, it represents:
  28. The cobweb model will divergent when the slope of:
  29. Which of the following is not an explicit cost of production?
  30. According to M.Kalecki, the true measure of the degree of monopoly power is the: