Questions

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

______ European was seen eating Kadi Chawal in New Delhi.

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A price floor is _____.

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

Which of the following best defines disposable income?

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

For a price taking firm, average revenue is ______ market price.

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.