Perfect elasticity of demanded curve
The graph of a demand curve which is perfectly elastic is: (1) positively sloped. (2) horizontal. (3) vertical. (4) negatively sloped. (5) a 45° diagonal line. Can someone explain/help me with best solution about problem of Economics...
The graph of a demand curve which is perfectly elastic is: (1) positively sloped. (2) horizontal. (3) vertical. (4) negatively sloped. (5) a 45° diagonal line.
Can someone explain/help me with best solution about problem of Economics...
When equilibrium moves from point a to point b, the simple market experiencing a reduce in supply is demonstrated within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Firms in industry change When the firms When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
The most important declines in opportunity costs of multiple goods for the consumers and greatest rises in the value of net production for all societies everywhere tend to be realized whenever production is organized in accord by: (1) The optimal clas
Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the
When Perpetual Motion Corporation’s recently-invented and patented teleporter buttons have no close substitutes, in that case Perpetual Motion operates: (1) along with absolute certainty of realizing a pure economic profit. (2) in violation of the laws of demand
This would be easiest to form a cartel between: (w) retail grocers. (x) aluminum producers. (y) dairy farmers. (z) domestic marijuana producers. Can anybody suggest me the proper explanation for given problem regar
This below figure demonstrates how consumption of goods A, B, C and D changes as a family’s income changes. When income increases, the income elasticity of demand is positive although declining for: (w) good A. (x) good B
The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same
Answer the question based on given table of average retail price of milk and the Consumer Price Index from the year 1980 to 1998. Q : Higher value for the Gini index A A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c
A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c
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