Questions

The law of demand states that

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

The consumption schedule relates:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

Atomic mass of Sulphur is 32 u. The number of moles in 16 grams of Sulphur is:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).