Production and cost — Economics STD 11 Commerce — Question

Demand for a commodity refers to the entire demand schedule.

Equilibrium price may fall even when market demand tends to rise.

MC is greater than AC when production is in a state of diminishing returns.

Greater revenue always implies higher profit for a firm.

In a free economy, decision relating 'for whom to produce' enhances the gulf between rich and the poor.

State giving reasons, whether the following statements are true or false:
When Total Revenue is constant, Average Revenue will also be constant.

In case of complementary goods, a rise in price of Good-X causes a rise in demand for Good-Y.

It is quantity demanded (and not demand for a commodity) that changes with respect to its own price.

State giving reasons, whether the following statements are true or false:
When there are diminishing returns to a factor, Total Product first increases and then starts falling?