Supply curve represents -------- relationship between quantity and price
A) direct
B) inverse
C) either direct or inverse
D) none of the above
Correct Answer:
Verified
Q7: An increase in market demand, supply remaining
Q8: There is no distinction between firm and
Q9: A fall in the market demand, supply
Q10: The cost of next best alternative is
Q11: When MC is greater than AC, AC
A)rises
B)falls
C)maximum
D)minimum
Q13: National Income means:
A)gnp at factor cost
B)gnp at
Q14: The difference between GDP and NDP equals:
A)transfer
Q15: Which of the following is true?
A)gnp +
Q16: Which of the following is not a
Q17: An accounting year in India is:
A)calendar year
B)academic
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