A. co-operatives B. limited liability companies C. partnerships D. public corporations Correct Answer: Option A A. co-operatives
A. help to break the bulk B. finance producers C. increase prices D. provide after-sales services Correct Answer: Option C…
A. ease of entry B. small capital required C. limited entrepreneur skills needed D. tendency to become joint-stock companies Correct…
A. commercialization B. nationalization C. privatization D. restructuring Correct Answer: Option C C. privatization
A. unitary elastic B. inelastic C. infinitely elastic D. zero elastic Correct Answer: Option B B. inelastic
A. availability of close substitutes B. number of producers C. government policy D. price of other commodities Correct Answer: Option…
A. less than quantity demanded B. equal to the quantity demanded C. greater than quantity demanded D. equal to zero…
A. greater than quantity supplied B. equal to quantity supplied C. less than quantity supplied D. equal to excess supply…
A. price schedule B. supply schedule C. scale of preference D. demand schedule Correct Answer: Option B B. supply schedule
A. choice B. effective demand C. joint demand D. wants Correct Answer: Option D D. wants