A high value of cross-elasticity indicates that the two commodities are
Under perfect competition, the long-run equilibrium of the firm is established at
Demand analysis includes
The reasons for L-shaped long run average cost curve is/are
Pricing decision includes
In case of Giffens goods, price effect is
The increasing returns to scale occurs. because larger scale provides greater specialization to various factors" is a statement given by
A rightward shift in supply curve indicates
Economics of scale means
The positive cross elasticity of demand between two products means the two products
