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#1. If a commodity has many substitutes, then its demand becomes __________
#2. ____________ is the most important determinant of supply.
#3. In __________, the seller has to incur selling cost.
#4. In _____________ , there is a large number of buyers and a single seller.
#5. ____________ is essential for the formation of capital.
#6. Microeconomics assumes______________
#7. Warehouses create ____________ utility
#8. Indirect demand is also known as ___________ demand.
#9. As price falls, demand ___________
#10. Total Revenue ÷ Number of units sold ______________
#11. Microeconomic analysis adopts _____ method.
#12. Market demand is an aggregate of purchasing by ___________ buyer(s).
#13. The supply of agricultural goods mainly gets determined by ______________
#14. The expenditure incurred on advertisement is ____________ cost.
#15. In ___________ market, seller creates product differentiation.
#16. Land is a free gift of __________
#17. Labour is ___________
#18. Microeconomics is a _________ equilibrium approach.
#19. Utility depends on the ______________ of want.
#20. ___________ is the subject matter of macroeconomics.