11. An indifference curve slopes down towards right since more of one commodity and less of another result in
12. In the context of oligopoly, the kinked demand curve hypothesis is designed to explain
13. Profit is maximum when
14. Supply curve will shift when
15. The Revealed Preference Theory deduces the inverse price-quantity relationship from
16. Which form of market structure is characterised by interdependence in decision-making as between the different competing firms?
17. In monopoly and perfect competition, the cost curves are
18. If price changes by 1% and supply changes by 2%, then supply is
19. An ISO-product slopes
20. Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?
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