In case of perfectly inelastic supply the supply curve will be

When a percentage in price results in equal change in quantity supplied, it is called,

when supply of a commodity decreases on a fall in its price, its is called

which utility approach suggests that utility can be measured and quantified?

---------------------- of a commodity is the additional utility derived by a consumer, by consuming one more unit of that commodity.

---------------------- of a commodity is the additional utility derived by a consumer, by consuming one more unit of that commodity.

Marxist economics led to the creation of a communist state in ____________ .

An economic agent ________ when he accounts for the full costs and benefits of his actions.

A third-degree price-discriminating pure monopoly will follow a system where _____.

A tariff has the effect of granting ____ a larger share of the domestic market.

A supply curve for the car industry would show the quantity of cars supplied at different _____.