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4026

In the short-run, the monopoly makes_______

  • A. Normal profit
  • B. Abnormal Profit
  • C. Loss
  • D. Sales
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4027

The demand curve facing the monopolist in the foreign market is__________

  • A. Elastic
  • B. Inelastic
  • C. Perfectly elastic
  • D. Unitary
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4028

Supply is________

  • A. A stock
  • B. A Flow
  • C. Constant
  • D. A table
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4029

A rise in the supply of a commodity cause__________

  • A. an increase in the equilibrium price and decrease in the equilibrium quantity bought and sold
  • B. an increase in both equilibrium
  • C. a decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold
  • D. a decrease in both equilibrium
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4030

The method obtained by adding all the reward of factors of production in national income is________

  • A. income approach
  • B. expenditure approach
  • C. value added method
  • D. output approach
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