Indian Economy Questions

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

In economics secondary effects refer to the

Which is the form of market where there is lack of competition?

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

The law of demand states that