Indian Economy Questions

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals

Goods whose demand is proportional to price are called

If a country devalues its currency, its _______________

Why are the Indian workers less skilled than the workers of western countries?

Goods which are consumed together are called?

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A binding price ceiling is designed to

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.