Economics - Study Mode
[#1131] Unitary elasticity of demand refers to
Correct Answer
(A) proportionate change in price and quantity
[#1132] Match the following. List-I List-II a. Perfectly elastic demand 1. e D = 1 b. Elastic demand 2. e D > 1 c. Inelastic demand 3. e D = 0 d. Perfectly inelastic demand 4. e D = ∞ e. Unitary elastic demand 5. e D < 1
Correct Answer
(B) a-4, b-2, c-5, d-3, e-1
[#1133] Mixed Economy is termed as co-existence of the following:
Correct Answer
(A) Public, private and cooperative sectors
[#1134] Cost theory is the study of total cost contains
Correct Answer
(D) Both A and B
[#1135] In the long-run, for all monopolistic firms
Correct Answer
(D) None of these