In the case of a straight-line demand curve meeting the two axes, the price-elasticity of demand at the mid-point of the line would be

Which is the first-order condition for the profit of a firm to be maximum?

Which of the following is one of the assumptions of perfect competition?

Price and demand are positively correlated in case of

Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price

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