Multiple Choice
The relation that the law of demand for factor defines is.
A) Income and quantity demanded of a factor
B) Price and quantity of a factor
C) Income and price of a factor
D) Quantity demanded and quantity supplied of a factor
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The supply of a good refers to:<br>A)Stock
Q2: Union leaders are in a better position
Q4: In a perfectly competitive market a firm
Q5: The producer's demand for a factor of
Q6: Factor prices are determined in the factor
Q7: Demand for factor of production is<br>A)Supplementary demand<br>B)Intermediate
Q8: Monopsony means<br>A)A single seller<br>B)A single buyer<br>C)Large number
Q9: The cost of one thing in terms
Q10: A firm maximizes profit if:<br>A)MRP = Wage
Q11: Which of the following is not a