Economics - Study Mode
[#1016] If the demand of a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the goods to
Correct Answer
(A) Increase
[#1017] Which of the following committees presented suggestions for reforms in the financial sector of India
Correct Answer
(D) Narasimhan committee
[#1018] Maximum loss of a firm (in short period) will be
Correct Answer
(B) equal to fixed cost
[#1019] Cartels under oligopoly do not survive for long because of
Correct Answer
(A) Inter-firm rivalry
[#1020] If for a producer, the stage of negative returns to a given variable factor is prevailing, then the TPP will be
Correct Answer
(B) Increasing at a diminishing rate