Why are the firms said to be interdependent in an oligopoly market? Explain. 

A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.

What happens to the demand of a good when consumer's income changes? Explain.

State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour.

Explain the conditions of consumer's equilibrium with the help of the indifference curve analysis.

Explain the three properties of the indifference curves.

From the following information about a firm, find the firms equilibrium output in terms of marginal cost and marginal revenue. Give reasons. Also find profit at this output.

Market of a commodity is in equilibrium. Demand for the commodity 'increases'. Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram.

What are demand deposits?

20.

What is involuntary unemployment?