Managerial Economics - Study Mode
[#441] Which is not the feature of oligopoly?
Correct Answer
(C) One firm
[#442] When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there will be
Correct Answer
(A) An upward pressure on price
[#443] Which of the following is called as the Gossen's First Law?
Correct Answer
(C) The Law of diminishing marginal utility
[#444] Other things remaining the same, when a consumer's income increases, his equilibrium point moves to
Correct Answer
(A) A higher indifference curve
[#445] In the market-oriented system, for the allocation of resources which one of the following is the most appropriate conveyor of information?
Correct Answer
(C) Market Price