121. Normal profit is called normal because
122. Supply curve is
123. A vertical supply curve parallel to the price axis implies that the elasticity of supply is
124. With which of the theories of wages, is the name of John Stuart Mill associated?
125. If a firm shuts down temporarily, it will incur loss equal to
126. During a particular year, farmers experienced a dry weather. If all the other factors remain constant, farmers supply curve for wheat will shift
127. The supply of a commodity refers to
128. Economic rent can accrue to
129. Under perfect competition
130. When supply of a commodity increases without change in price, it is called
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