Monopolistic competition
Price determination
Price discrimination
Monopoly
Correct answer is C
No explanation has been provided for this answer.
The demand for a commodity that serves two or more purposes is
Competitive demand
Complementary demand
Composite demand
Derived demand
Correct answer is C
No explanation has been provided for this answer.
The income elasticity of a normal good is
Positive
Negative
Zero
Fixed
Correct answer is A
No explanation has been provided for this answer.
Average Variable Cost (AVC) curve
Is U-shaped
Rises from left to right
Slopes upwards
Is horizontal to the X-axis
Correct answer is A
No explanation has been provided for this answer.
An association of workers in a particular industry, firm or line of job is called
Trade union
Trade association
Chamber of commerce
Assembly of workers
Correct answer is A
No explanation has been provided for this answer.