AP (Advanced Placement) Microeconomics: Questions 390 - 392 of 398

Access detailed explanations (illustrated with images and videos) to 398 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 250.00 -OR-

How to register? Already Subscribed?

Question 390

Appeared in Year: 2016 (NET)

Question

MCQ▾

Price Discrimination exists when

Choices

Choice (5)Response

a.

The same product is sold at different prices to different buyers

b.

Different product is sold at different prices to different buyers

c.

The same product is sold at the same price to different buyers

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 391

Appeared in Year: 2019 (NET)

Question

MCQ▾

The excess supply of a commodity above the no-trade equilibrium price gives one nation՚s (June)

Choices

Choice (5)Response

a.

export supply and import demand for the commodity

b.

import demand for the commodity

c.

import supply of the commodity

d.

export supply of the commodity

e.

None of the above

Question 392

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which of the following statements is incorrect?

Choices

Choice (5)Response

a.

Commodities offered for sales under perfect competition will be heterogeneous

b.

Product differentiation is peculiar to monopolistic competition

c.

A monopolist may restrict output and raise prices

d.

Under monopoly, there is no difference between a firm and an industry

e.

None of the above

Developed by: