Q761
Open questionA monopolized market is in long-run equilibrium when
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Q762
Open questionMatch the following.
| List-I (Consumer Goods) | List-II (Effect on Sale) |
| a. Essential goods | 1. Less than proportionate change in sale |
| b. Comforts | 2. Almost proportionate change in sale |
| c. Luxuries | 3. More than proportionate increase in sale |
| d. Prestige goods | 4. Increase in sale |
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Q763
Open questionIf price of any commodity decreases by 20% and the demand for that commodity increases by 40%, then elasticity of demand would be
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Q764
Open questionIn the figure given below is shown the determination of price in the
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Q765
Open questionA consumer attains equilibrium at a point on the indifference curve where
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Q766
Open questionApplication of the 'Marginal-Cost pricing' principle in a decreasing cost industry would lead to
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Q767
Open questionWhich of the following statements is most closely associated with general equilibrium analysis?
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Q768
Open questionMarket demand for any goods is a function of the
1. price per unit of the goods
2. price per unit of other goods
3. incomes of consumers
4. tastes of consumers
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1. price per unit of the goods
2. price per unit of other goods
3. incomes of consumers
4. tastes of consumers
Select the correct answer
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Q769
Open questionIf a firm sells its output in a market characterized by a few sellers and many buyers, and limited long-run resource mobility, then the firm is
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Q770
Open questionThe payment made for good manufactured and exported in India is called
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Q771
Open questionEconomics has been defined as a science of unlimited ends having scarce means having alternative uses by:
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Q772
Open questionAn isoquant curve will be a straight line if inputs are
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Q773
Open questionIf price does not cover even the variable cost, the seller would-
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Q774
Open questionThe value of the US dollar on the foreign exchange market will tend to
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Q775
Open questionWhich economist used to term 'selling cost' for the first time?
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Q776
Open questionLaw of Production was propounded by
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Q777
Open questionWhich one of the following is not U Shaped curve?
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Q778
Open questionBalance of trade receivables is not affected by the following:
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Q779
Open questionWho was closely associated with industrial relations in India?
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Q780
Open questionThe law of diminishing return is related to
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