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Q901

The stages for the law of variable proportions are

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Q902

India's rank in world population is

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Q903

Movement along a demand curve as a result of change in price is known as

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Q904

"Ceteris paribus" term is related to

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Q905

The 'Concept of cross Elasticity of Demand' was given by

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Q906

Each short-run AC curve coincides with LAC at

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Q907

The law of equi-marginal utility states the condition of equilibrium as

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Q908

In a typical demand schedule, quantity demanded

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Q909

Rent earned by a factor of production equals

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Q910

An ethical or value judgement must be made in order to derive the

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Q911

Which of the following will shift the supply curve for good X leftward?

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Q912

Which of the following is a characteristic of monopolistic competition?

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Q913

What is the fundamental premise of economics?

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Q914

Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?

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Q915

Assume in a competitive market that price is initially above the equilibrium level. We can predict that price will

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Q916

The prices of two goods X and Y are: P_x = Rs. 5 and P_y = Rs. 3, respectively. If a consumer spending his entire income on these two commodities is at a point on the budget constraint where MRS_xy (marginal rate of substitution of X for Y) is 3 : 1, then

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Q917

The strategy of price discrimination is followed under which firm of market?

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Q918

The term "consumer goods" is used by economists to refer to

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Q919

The difference between what a consumer is willing to pay for a unit of a good and what must be paid when actually buying it is called

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Q920

According to monetarists, the Great Depression in the United States largely resulted due to

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