1.
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

2.
Which is the first-order condition for the profit of a firm to be maximum?

3.
Which of the following is one of the assumptions of perfect competition?

4.
Price and demand are positively correlated in case of

5.
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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