(a) rise in the value of currency only(b) fall in the value of currency only(c) rise in the value of commodity only(d) fall in the …
An exceptional demand curve is one that slopes
(a) downward to the right(b) upward to the right(c) horizontally(d) upward to the left
Demand for a commodity refers to
(a) Desire for that commodity(b) Need for that commodity(c) Quantity demanded of that commodity(d) Quantity demanded at a certain price during any particular period of …
If the average total cost is declining then
(a) the marginal cost must be less than the average total cost(b) total cost must be constant(c) the average fixed cost curve must be above …
The average fixed cost curve will always be
(a) a rectangular hyperbola(b) a downward sloping convex to the origin curve(c) a downward sloping straight line(d) a U-shaped curve
The income elasticity of demand for inferior goods is
(a) less than one(b) less than zero(c) equal to one(d) greater than one
Which one among the following is a fixed cost to a manufacturing firm in the short run?
(a) Insurance on buildings(b) Overtime payment to worker(c) Cost of energy(d) Cost of raw materials
Brent index is associated with
(a) crude oil prices(b) copper future prices(c) gold future prices(d) shipping rate index
What is meant by ‘Public Good’?
(a) A commodity produced by the Government(b) A commodity whose benefits are indivisibly spread among the entire community(c) A Government scheme that benefits the poor …
What is meant by price discrimination?
(a) Increase in price of a commodity over time(b) A situation where the same product is sold to different consumers fordifferent prices(c) Subsidization of a …