The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called ................. function.
price
substitution
supply
demand
D.
demand
The demand for a normal good decreases with .......... in the consumer's income.
increase
decrease
constant
double
Short run marginal cost curve cuts the short run average cost curve from .............at the minimum point of short run average cost.
top
below
right
left
Union
State
Global
Concurrent
............... can give the Union parliament power to make laws on matters included in the State list.
Ministry of Defence
Prime Minister's Office
Securities and Exchange Board of India
Rajya Sabha
If the ............ firm has zero cost or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
The ............ balance is equal to capital flows from the rest of the world, minus capital inflows to the rest of the world.
Current Account
Savings Account
Capital Account
Asset Account
The ..............balance is the sum of the balance of mechandise trade, services and net transfers received from the rest of the world.
Current Account
Savings Account
Capital Account
Asset Account
Goods for which demand move in the opposite direction of the income of the consumer are called?
Inferior goods
Normal goods
Complementary goods
Substitute goods