Question
Which of the following insect orders contains species
that are exclusively parasitic in behavior?Solution
Phthiraptera (lice) are obligate ectoparasites of birds and mammals, feeding on blood or skin debris.
When price elasticity of demand is unity, the total expenditure:
Movement along a demand curve as a result of change in price is known asÂ
In case of Giffens goods, price effect is
Who introduced the concept of elasticity of demand?
Which of the following is/are the causes of demand curves moving downwards to the right?
Demand analysis includesÂ
The positive cross elasticity of demand between two products means the two products
Elasticity of demand measures the
From the resource allocation point of view, perfect competition is preferable becauseÂ
Under perfect competition, the long-run equilibrium of the firm is established at