41. An economic theory is
42. What is the shape of the average fixed cost (AFC) curve?
43. A decrease in demand causes the equilibrium price to
44. Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is
45. Identify the aspect of taxation which is related to normative economics
46. If elasticity of demand is very low, it shows that the commodity is
47. An increase in the supply of a commodity is caused by
48. When price is below equilibrium level, there will be
49. The following are causes of shift in demand EXCEPT
50. Demand for a commodity refers to a
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