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