UGC NET Paper 2 Management March 2023
1. What kind of elasticity of demand is faced by the oligopolistic firm?
(a) Low elasticity for price rise and more elasticity for price cut.
(b) High elasticity for both whether there is price rise or price cut.
(c) Low elasticity for both whether there is price rise or price cut.
(d) High elasticity for price rise but less elasticity for price cut.
2. Which of the following correctly explains the notion of consumer surplus?
(a) The difference between what consumers are willing to pay for a given quantity of goods and services and the amount they actually pay.
(b) The difference between what consumers are willing to buy given the quantity of goods and services and the quantity they actually ...
