A. less as the marginal utility falls B. more as the marginal utility falls C. less as the total utility…
A. bought at a given price at a time B. supplied at given prices at a time C. produced at…
A. unitary elastic B. price inelastic C. fairly elastic D. income inelastic Correct Answer: Option B B. price inelastic
A. observation with the highest frequency B. average of two middle numbers C. item that occupies the middle position D.…
A. equality of the ratio of marginal utilities and the ratio of prices B. equality of the ratio of average…
A. elastic B. unitary elastic C. perfectly inelastic D. perfectly elastic Correct Answer: Option A A. elastic
A. exceptional demand B. change in demand C. change in quantity demanded D. elasticity of demand Correct Answer: Option B…
A. terms of trade B. balance of payments C. balance of trade D. capital balance Correct Answer: Option C C.…
A. Wher to produce B. for whom to produce C. how to produce D. what to produce Correct Answer: Option…
A. gives aid for defense B. offers loans for public projects C. offers aid to finance private projects D. gives…