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41. Ceteris paribus, a change in the price of a commodity causes the quantity purchased of its complements to move
In an insignificant manner
In the opposite direction
In the same direction
cannot be known
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42. The Law of Equi-marginal utility tells that if the price of a commodity falls
More units of it will be bought
Same units of it will be bought
Fewer units of it will be marginal bought
Nothing of it will be bought
43. Each short-run average cost curve coincides with long-run cost curve
At middle point
At lower point
At upper point
No permanent position
44. A demand curve is a boundary concept because it shows
The minimum price and minimum quantity
The maximum price and minimum quantity
The maximum quantity and the minimum price
Both price and quantity is maximum
45. Which of the following is called as the Gossen's First Law?
The Law of equi-marginal utility
Law of Substitution
The Law of diminishing marginal utility
The Law of indifference
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