Business Economics - Business Economics Section 1

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46. Which one of the following is not a common property of an indifference curve

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47. The appropriate objective of an enterprise is

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48. The positive income effect is greater than the negative substitution effect in case of

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49. Match List-I with List-II and select the correct answer using the codes given below the lists:

 List-I  List-II
a. Perfect competition I. No control
b. Monopolistic competition II. Some control
c. Oligopoly  III. Practically some control
d. MonopolyIV. Usual control

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50. When the demand for a commodity also depends upon prices of the substitutes & complementaries or relative prices then it is called

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