Managerial Economics - Study Mode
[#526] Income elasticity of demand will be zero when a given change in income brings about
Correct Answer
(D) No change in demand
[#527] Consider the following types of income. 1. Personal income 2. Private income 3. Disposable income 4. National income The correct sequence in descending order of their magnitude is
Correct Answer
(A) 4, 2, 1, 3
[#528] Which one of the following is identical with multiplant monopolist?
Correct Answer
(A) Cartel aiming at joint profit maximisation
[#529] If a straight line demand curve is tangent to a curvilinear demand curve, the elasticity of the two demand curves at the points of tangency is
Correct Answer
(A) The same
[#530] A firm practising price discrimination will be
Correct Answer
(C) Charging different prices in different mar kets for a product