When demand is slack and market is highly competitive the following method of pricing may be adopted

Who is the father of Economics?

Economics is a ________.

The relationship between price and demand is ____________.

Law of demand shows ___________ relationship between price and quantity demanded

Consumer surplus is ____.

A routine decision _____.

Knowledge that gives a producer an economic advantage over other producers is called a _____.

The nash equilibrium of a prisoners' dilemma game is that ______.

Between the data lag and the legislative lag falls the __________ lag.

Total cost of goods sold per unit consists of ________.