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Economics

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Across
  1. 1. Those goods for which the demand increases when income increases are called .... goods
  2. 5. The indifference curve approach was introduced by Prof......
  3. 7. Such goods the demand for which falls when income increases are called .... goods
  4. 9. Production Possibility Curve is ...... slopping
  5. 10. The additional revenue earned from the sale of the last unit produced is called ....
  6. 11. Other things remaining the same, as the price rises, the demand.....
  7. 13. ........ Curve is the production possibility curve
  8. 18. ............cost doesn't change when output is increased or decreased
  9. 19. The elasticity of supply would range from .... to infinity
  10. 21. Demanding the same, an increase in supply will .... the price
  11. 22. Costs of the factor inputs or services supplied by the owner of the firm is called .... costs
  12. 24. The relationship between price and the quantity demanded is states as law of ......
Down
  1. 2. If a single producer controls the entire supply of a commodity in the market, is is called ....
  2. 3. Indian economy is a ...... economy
  3. 4. The transformation of inputs into output is called ....
  4. 6. The downward slope of the demand curve reflects the .... effect
  5. 8. The economic problem is the problem of economising .... resources
  6. 12. The quantity demanded of a commodity varies inversely with it's.......
  7. 14. In micro economics, the details of operation of .....small are observed
  8. 15. The welfare definition of economics was given by........
  9. 16. Elasticity of demand will be less in the case of households having... income
  10. 17. Adam Smith defined Economics as a science of ......
  11. 20. In the case of inferior goods, an increase in income shifts the demand curve to the.... side
  12. 23. An economy in which goods and services are bought and sold freely in the market is called ..... economy