Economics Past Questions and Answers

A demand which gives rise to the reverse of the law of demand is__________

If two commodities are unrelated, a change in the price of one will____________

Demanded
8	10
6	12

If we move from 8 to 6, the elasticity of demand is_______

In a perfect competition, the market price is determined by_______

In the short-run, the monopoly makes_______