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One of these is not an assumption of the cardinalist theory of utility?
In the case of highly or close complementary goods, the indifference curve is_______
The most important cost curve for the firm is_________
The average curve and the marginal curve are U-shaped in the short-run and flatter in the long-run due to________
Restrictive monetary policy is designed to curtail aggregate demand and to overcome________
An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________
An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________
The money market equilibrium is defined as_________
A method of analysis that draws conclusions from data rather than general Principles already known is________
The arithmetic mean of 5, 8, 10, 15, 24 and 28 is_______
An economy in which the whole income is not consumed is referred to as______
The method obtained by adding all the reward of factors of production in national income is________
A rise in the supply of a commodity cause__________
Supply is________
The demand curve facing the monopolist in the foreign market is__________
In the short-run, the monopoly makes_______
In a perfect competition, the market price is determined by_______
| Price (₦) |
Quantity Demanded |
| 8 | 10 |
| 6 | 12 |
If we move from 8 to 6, the elasticity of demand is_______
If two commodities are unrelated, a change in the price of one will____________
A demand which gives rise to the reverse of the law of demand is__________