Economics - Study Mode
[#1296] In which market structure, the demand is perfectly elastic?
Correct Answer
(B) Perfect competition
[#1297] What causes an increase in the quantity in the supplied of good Y but not in the supply of good Y?
Correct Answer
(A) An increase in the price of Y
[#1298] According to the modern economists, the law of depreciation begins to apply from the point where
Correct Answer
(C) Average output of the variable factor starts decreasing
[#1299] Which of the following was privatised first?
Correct Answer
(B) Modern Food Industries
[#1300] Which of the following is not condition of perfect competition . . . . . . . .
Correct Answer
(D) Individual seller/buyer can influence price in the market