Increase in demand due to change in price is known as ________________
A) Construction in demand
B) Expansion in demand
C) Increase in demand
D) Decrease in demand
Correct Answer:
Verified
Q11: Break - even analysis is a technique
Q12: In the long-run total cost is equal
Q13: Which costs are made once and for
Q14: Break-even analysis is also known as _
A)Profit
Q15: All material things which posses utility are
Q16: Those goods which posses utility,scarcity and transferability
Q17: Capital goods are also known as _
A)Producer's
Q18: At the point where MC is equal
Q19: When the marginal ccost is rising the
Q20: An example for variable cost is
A)Rent of
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