The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Giving reasons, state whether the following statement are True or False.
If there is decrease in supply, producer moves downward along the same supply curve?

State giving reasons, whether the following statements are true or false:
When Marginal Product falls, Average Product will also fall?

Money supply in the economy includes only notes and coins issued by the central bank. (True/ False)

Giving reasons, state whether the following statements are true or false.
On a demand curve where it touches X-axis elasticity of demand is Infinity?

 Giving reasons, state whether the following Its are true or false.
With the increase in level of output, average fixed cost goes on falling till it reaches zero.

Giving reasons, state whether the following statements are true or false:
When supply decreases more than proportionately than the fall in demand, equilibrium price will also fall.

Giving reasons, state whether the following statements are true or false.
Law of demand happens due to application of law of diminishing marginal productivity.

Macroeconomics deals with the problems of a consumer.

Giving reasons, state whether the following statements are true or false.
Brokerage paid on sale of shares and income from shares purchased is not a part of national income.

Giving reasons, state whether the following statement are True or False.
If there is an improvement in technology of producing a good, supply decreases?