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