Q1201
Open questionRent is the-
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Economics
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Q1202
Open questionAccording to the classical theory of employment, deviations from the state of full employment are of
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Q1203
Open questionThe theory of revealed preference was propounded by?
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Q1204
Open questionThe ordinal utility analys is of consumer behaviour is considered superior to the cardinal utility analysis mainly due to the
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Q1205
Open questionIn measuring price-elasticity
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Q1206
Open questionMatch the following:
| List-I | List-II |
| a. For a given 10% change in price, demand changes by 0% | 1. e > 1 |
| b. For a given 10% change in price, demand changes by 5% | 2. e = 1 |
| c. For a given 10% change in price demand changes by 10% | 3. e < 1 |
| d. For a given 10% change in price, demand changes by 20% | 4. e = 0 |
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Q1207
Open question"Buyers are less price sensitive when they cannot easily compare the quality substitutes". Which of the following factors of price sensitivity is reflected from this statement?
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Q1208
Open questionWhen the firm has an incentive to exit a competitive, the exit will
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Q1209
Open questionIn monopolistic competition of firm remains in equilibrium in the long run
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Q1210
Open questionMatch the items of List-I with items of List-II and choose the correct answer.
| List-I | List-II |
| a. Income elasticity less than unity | 1. Competitive goods |
| b. Cross elasticity less than unity | 2. Inferior goods |
| c. Cross elasticity less than zero | 3. Superior goods |
| d. Income elasticity less than zero | 4. Complementary goods |
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Q1211
Open questionRidge line refers to the locus of points of
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Q1212
Open questionThe negative slope of the price consumption curve (PCC) shows the relationship between good X and Y
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Q1213
Open questionWhich of the following market comes close to satisfying the assumptions of a perfectly competitive market structure?
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Q1214
Open question'Discriminating Monopoly' is possible if two markets have-
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Q1215
Open questionPrice floor is an important instrument of protecting seller's interest how ever if has following implications.
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Q1216
Open questionWhen average cost is declining
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Q1217
Open questionOrdinal approach is based on
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Q1218
Open questionIn a developing economy, an entrepreneur is
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Q1219
Open questionWhich type of elasticity plays a crucial role in determining international trade?
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Q1220
Open questionWho among the following accepted the importance of time element in the determination of price?
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