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Economics
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Q721

An improvement in technology lowers the cost of producing coffee. At the same time, the consumer's preference for coffee increases. The equilibrium price of coffee will

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Q722

Match the List-I with List-II and select the correct answer.

List-I	List-II
a. Expansion in demand	1. Left to right on the same demand curve.
b. Contraction in demand	2. Right to left movement on the same demand curve.
c. Increase in demand	3. Rightward shift of the demand curve.
d. Decrease in demand	4. Leftward shift of the demand curve.

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Q723

'Change in quantity demanded' refers to

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Q724

National population policy declared

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Q725

The maximum satisfaction to a discerning consumer meets at the point, where

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Q726

In the demand and price of giffen substance

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Q727

Statement I Business decision makers deal with the complex, rather chaotic, business conditions of the real world and have to find the way to their destination, i.e. achieving the goal that they set for themselves.
Statement II Even without application of economic logic and tools of analysis, business decisions are always rational and real and are not counter productive.

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Q728

Which of the following are the features of pure competition?
1. Large number of buyers and sellers
2. Freedom of entry and exit
3. Perfect homgeneity
4. Mobility of resources
Select the correct answer

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Q729

A shift in supply will have a bigger effect on price than output, if demand is

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Q730

The subject matter of Macro Economics includes

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Q731

In which market competition is associated with 'Kinky Demand Curve'?

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Q732

Lerner's index of monopoly power is

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Q733

A monopolist charges discriminating prices

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Q734

Reasons for change in demand (increase or decrease in demand) are

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Q735

Which of the following statements is not correct?

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Q736

A measure of the responsiveness of quantity demanded to changes in the price of a related good is known as

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Q737

If government expenditure is increased by Rs. 700 and tax is also increased by Rs. 700 then the equilibrium level of income:

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Q738

Which of the following is a correct statement?

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Q739

The market period supply curve for perishable commodities is

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Q740

Assertion (A): Auto companies and other consumer goods companies offer cash rebates to encourage purchase of the manufacturer's products within a specified period
Reason (R): The same product is priced differently at different times.
In the context of the two statements above to pricing strategy, which one of the following options is correct?

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