11. Choose the false statement:
12. For a rational consumer who has to choose between two goods in the context of budget constraints, the price change of one of the goods, caeteris paribus, will determine:
13. If the coefficient of income elasticity of demand is higher than 1 and the revenue increases, the share of expenditures for commodity X in total expenditure:
14. If the demand curve for product A moves to the right, and the price of product B decreases, it can be concluded that
15. If the demand for agricultural products is inelastic:
16. On the market with perfect competition
17. Suppose the price of a good decreases by 10% and the quantity demanded for a certain period of time increases by 15%. In these conditions:
18. Suppose the supply for product A is perfectly elastic. If the demand for this product increases:
19. The following data is given for a company: material costs 89 mil; working capital 45 mil; indirect salaries 10 mil; fixed costs 90 mil.; variable costs 52 mil. Calculate fixed material costs and depreciation:
20. The indifference curve means:
MCQ Multiple Choice Questions and Answers on Microeconomics
Microeconomics Trivia Questions and Answers PDF
Microeconomics Question and Answer
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