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