Market form-product distinguishing
In which market form, the products are distinguished. Answer: In Monopolistic competition
In which market form, the products are distinguished.
Answer: In Monopolistic competition
The reduction in demand accompanies all of the following apart from: (i) Expectations of better accessibility or excesses. (ii) Declines in the price of substitute. (iii) Rises in the number of buyers. (iv) Negative modifications in preferences and ta
When the quantity of SCUBA lessons demanded by Hawaiian tourist’s increases from 800 to 1,000 weekly and if the price drops/falls from $30 to $20 per session, by using the arc elasticity formula, the price elasticity of demand will be: (i) 5.555
The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, but perfectly elastic to farmers as a group.
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
Since of the high probability of bankruptcy and default of a latest corporation, new corporations: (i) Encompass little trouble selling bonds. (ii) Would prefer to the issue stock. (iii) Encompass more trouble selling bonds than the established corporations. (iv) Woul
When economies of scale are full time positive in an industry, in that case the industry will: (1) evolve into a natural monopoly. (2) become inefficient before it gets very huge. (3) be unregulated by government. (4) be not capable to compete along w
When a minimum legal price of a good is set below the intersection of the supply and demand curves there will be: (1) shortages and pressures for decreases in price. (2) pressures for increases in price and the emergence of black mark
Name the additional facility that the businessman acquires in the current deposit account of bank. Answer: The businessman acquires the facility of overdraft (that
When a profit-maximizing monopolist who does not price discriminate charges a price equal to its marginal cost, this will: (w) minimize average cost and generate zero economic profit. (x) minimize average cost and gen
Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve
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