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Dynamic forces operating in the economy create various kinds of economic fluctuations which are termed as trends in the economy. Which of the following...
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Which one of the following is not the function of a managerial economist?
A high value of cross-elasticity indicates that the two commodities are
A firm maximizes its profit when
In case of Giffens goods, price effect is
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
The reasons for L-shaped long run average cost curve is/are
Demand analysis includes
