9708/01October/November2006;Q30Inwhichofthefollowingcircumstanceswilldevaluationoftheexternalvalueofacountry’scurrencyhavethegreatestbeneficialeffectsonitsbalanceoftrade?AThereisfullemploymentinthecountry.BThegovernmenthasimplementedexpansionaryfiscalpolicies.CThedemandforitsimportsisprice-inelastic.DThereisahighpriceel...
Consumer Equilibrium MCQs: Our subject-matter specialists have composed these Consumer Equilibrium MCQs based on CBSE syllabus and current practices.
Which of the following can be concluded based on the data given in the table? E. Country X has a comparative advantage in producing apples. If the price elasticity of supply for pickles is 2 and the price of pickles increases by 10 percent, the quantity supplied of pickles will increase ...
The government begins to subsidize the production of wheat, which is an input in the production of bread. (a) For each of the following markets, draw correctly labeled supply and demand graphs and show the effect of the subsidy on the equilibrium price and quantity in the short run. (i)...
the quantity supplied at any particular price depends on the monopolist's demand curve resulting in no one to one relation between price and quantity Monopoly power results from the ability to set price above marginal cost. What is the value of the Lerner index under perfect competition? 0 With...
6) Which one of the following statement is true about the Service-Oriented Architecture?It is possible to exchange data between applications from different vendors without using additional programming. It provides computational resources on-demand as a metered service. Service-Oriented Architecture allows...
(d) Corn is also used as an input in the production of cereal. What is the effect of the increased demand for ethanol on the equilibrium price and quantity in the cereal market in the short run? Explain. © 2010 The College Board. Visit the College Board on the Web: . GO ON TO ...