Define bank rate
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities
When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur
For a monopolist to raise the quantity of its products sold needs the monopolist to as: (i) raise the price of its product. (ii) charge a constant price. (iii) invest heavily in a distribution network. (iv) lower the price of its product. (v) advertis
The special characteristic of firms within an oligopoly NOT determined in other market structures is: (i) homogeneity of product. (ii) interdependence that is mutually recognized. (iii) restricted entry. (iv) a high degree of market power. (v) perfect
What are Bond Theorem Applications and also write down its consequences?
The price elasticity of demand for DVD games among prices of $10 and $20 is approximately: (w) 3/2. (x) 3/7. (y) 1. (z) 16.333. Q : Question on supply-and-demand diagrams Normal 0 false false
Normal 0 false false
When the demand curve facing a firm is a horizontal line, then there demand is perfectly: (w) elastic at each quantity. (x) inelastic where quantity demanded is zero. (y) insensitive to the price of good. (z) unresponsive to changes within the prices
In addition to price, what are the other determinants that consumers want to buy?
18,76,764
1925257 Asked
3,689
Active Tutors
1434256
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!