Change in demand due to a change in the price of related good :
Change in demand due to a change in the price of related good :
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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Monopsony refers to
Question: Monopsony refers to
A. Single seller B. A few sellers C. Single buyer D. A few buyers Answer» c. Single buyer Note: The above multiple-choice question is for all general and Competitive Exams in India. Selling more than one product at a single price
Question: Selling more than one product at a single price
A. Dumping B. Bundling C. Discounting D. Off loading Answer» b. Bundling Note: The above multiple-choice question is for all general and Competitive Exams in India. The best level of output for the monopolist is
Question: The best level of output for the monopolist is
A. AC is minimum B. TC=TR C. TR and TC are parallel D. TR is maximum Answer» c. TR and TC are parallel Note: The above multiple-choice question is for all general and Competitive Exams in India. The income effect for a commodity is
Question: The income effect for a commodity is
A. is always positive B. is always negative C. depends upon price effect D. determines the nature of the commodity Answer» d. determines the nature of the commodity Note: The above multiple-choice question is for all general and Competitive Exams in India. Purchasing power of money
Question: Purchasing power of money
A. price index × 100 B. 100 C. 100/ D. real wage Answer» c. 100/ Note: The above multiple-choice question is for all general and Competitive Exams in India. Engel curve for giffen good is
Question: Engel curve for giffen good is
A. positively sloped B. negatively sloped C. horizontal straight line D. vertical straight line Answer» b. negatively sloped Note: The above multiple-choice question is for all general and Competitive Exams in India.