Question
What is the fundamental principle of
Intellectual Property law that grants creators control over their inventions or works?Solution
Explanation: The principle of exclusivity grants creators the right to control use, reproduction, and distribution o f their creations, ensuring only they can exploit the work commercially or otherwise without permission.
A rightward shift in supply curve indicates
When AR is constant, MR is
A high value of cross-elasticity indicates that the two commodities are
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given by
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Elasticity of demand is based on which of the following factors?
Pricing decision includes
Market with one buyer and one seller is called
The goods whose demand is not tied with the demand for some other goods are said to have
Which one of these is an exception to the law of demand?
