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ECO401 Current Midterm Paper Fall 2013 shared by Sheeba Bhatti(B.b.a 2nd) File 2


Today Paper
Total Questions: 27
Total MCQs of 1 Mark: 22
Total Short Subjective Question of 3 Marks:3
Total Long Subjective Question of 5 Marks:2

Define the key ingredients of any market structure?

What is the relationship between income and elasticity demand of inferior goods?

What are the profit maximization conditions for competitive business?

Where a monopolist can spend his profit?

Write the formula of Price Elasticity of demand and Cross-price Elasticity of demand ?

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