Economics - Study Mode
[#591] Which type of elasticity plays a crucial role in determining international trade?
Correct Answer
(B) Price elasticity of demand
[#592] Who among the following accepted the importance of time element in the determination of price?
Correct Answer
(C) A. Marshall
[#593] The demand has the elements of quantity, price and time.
Correct Answer
(A) The desire, ability, and willingness of an individual to purchase goods and services at any given price per unit
[#594] When the price-elasticity of demand is unity, the marginal revenue would be
Correct Answer
(B) Equal to zero
[#595] Cobb Douglas production function as X = b 0 , Ib 1 , Kb 2 which of the following is correct?
Correct Answer
(D) All of these