Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

A monopoly firm has market power and it is a ________.

If the market supply of a commodity X changes due to rise in price of a factor input, the market supply curve will ________. (Fill up the blank)

____________ is the interest rate at which the commercial banks can deposit their funds with the Central bank.

When total product increases at ________, marginal product decreases but remains positive.

Central Bank acts as an adviser, banker and _______ for the government.

When slope of the demand curve is zero, its elasticity of demand is __________.

When the income effect of a commodity is negative, it is called _________.

The price at which market demand and market supply of a commodity are equal refers to __________.

An indifference curve is ______ to the origin.

____________ is the addition to the total utility as consumption is increased by one more unit of the commodity.