The relationship between supply and price is
A) negative
B) perfect
C) positive
D) none
Correct Answer:
Verified
Q6: Sum of explicit cost and implicit cost
Q7: For a unitary elastic supply curve, p
Q8: Cross price elasticity may not always be
A)
Q9: Luxury goods are:
A) price inelastic
B) price elastic
C)
Q10: If close substitutes are available, then the
Q12: The relationship between demand and price is
A)
Q13: A given percentage change in price results
Q14: What is the order of differential equation
Q15: A line for linear equation should begin
Q16: Functional relationship between input and output is
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