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Q. Increase in real National Income (NI) means increase in:

Q. Returns to scale refers to the production function where

Q. Other things remaining the same, the quantity of a product demanded increases with ------------ in price.

Q. When there are only few sellers of the commodity, the market is called:

Q. The market equilibrium for a commodity is determined by :

Q. If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:

Q. An accounting year in India is:

Q. Net addition to total cost is called:

Q. If marginal propensity to consume is 0.8, the value of multiplier will be:

Q. National income is a --------variable.