This is a SAMPLE UGC NTA NET ECONOMICS Quiz. There are a total 10 questions of 2 marks each. Go for it. All the best
1.
The substitution effect works to encourage a consumer to purchase more of a product when the price of that good is falling because
5.
If the monopoly profits were to add to costs so that costs equalled revenue, even if the average cost curve exclusive of profits was raising the average cost curve obtained from the first operation is
8.
Shut down point for a firm is a situation where its
9.
Monopolistic competition has features of