--%>

Problem on hyperinflation

In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility. (3) The substitution effect. (4) The supply law. (5) Sticky salaries.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Probable quantity of the good by price

    Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market

  • Q : Effective price discrimination

    Effective price discrimination does NOT need a firm to: (w) segment the market into groups along with various demand elasticities.  (x) be a monopoly. (y) prevent trading among customers who are charged different prices. (z) possess some market p

  • Q : Closed Shops and union members Firms

    Firms which agreed to hire only workers who were already the union members would be operating: (1) Agency shops. (2) Bilateral monopolies. (3) Monopsonistic shops. (4) Union shops. (5) Closed shops. Choose the right answer from the

  • Q : Consumption expenditure In an economy

    In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure

  • Q : Define factor market Factor market : It

    Factor market: It comprises of factors of production namely land, labor, capital and associations.

  • Q : Competitive Markets and Labor unions I

    I have a problem in economics on Competitive Markets-Labor unions. Please help me in the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) S

  • Q : Law of equal marginal advantage to

    I have a problem in economics on Law of equal marginal advantage to consumer behavior. Please help me in the following question. Pertaining the law of equal marginal benefits to consumer behavior outcomes the principle of: (i) Diminishing the marginal utility. (ii) Ov

  • Q : Problem on Product Differentiation Most

    Most of the mass advertising is planned to: (1) Give accurate information on product and price quality. (2) Boost output to conform to the consumer preferences. (3) Alter the consumer preferences. (4) Provide free TV entertainment and remain newspaper

  • Q : Attract new firms by economics profits

    Economic profits within a competitive industry are signals which: (i) attract new firms into the industry. (ii) hinder innovation of new technologies. (iii) encourage inefficiency in existing firms. (iv) business conditions are deteriorating. (v) pric

  • Q : Determine Gini index in Loren curve

    Since lifetime earning patterns differ, in that case the Gini index will: (1) continue to rise over time. (2) never reach zero or perfect equality. (3) remain constant. (4) surpass 100 in the near future. (5) be lower for developing countries than for