ECONOMICS DO YOU AGREE / DISAGREE

A seller is price maker in monopoly.

Perfect competition means monopolistic competition.

Price is the only determinant of supply.

There is no difference between stock and supply.

Various factors influence the elasticity of demand.

The law of demand can be explained with the help of example and diagram.

There are no exceptions to the law of Demand.

Law of DMU is important in practice.

Microeconomic theories are based on certain assumptions.

When MU is zero, TU is diminishes.

Microeconomics studies the behaviour of individual economic unit.