If the price of ‘X’ rises by 10 per cent and the quantity demanded falls by 10 per cent, ‘X’ has:

The producer is in equilibrium at a point where the cost line is:

In economics, what a consumer is ready to pay minus what he actually pays, is termed as:

Which of the following statement is incorrect?

The cost of one thing in terms of the alternative given up is known as:

Price discrimination is profitable when:

Under which market condition, though the firms earn normal profits in the long run, there is always excess capacity with them:

If a seller realizes Rs. 10,000 after selling 100 units and Rs. 14,000 after selling 120 units. What is the marginal revenue here?

Under which market structure, average revenue of a firm is equal to its marginal revenue

Which of the following statement is correct ?