Multiple Choice
In a combination of X and Y, if price of Y alone changes, the X intercept will :
A) Rotate upwards
B) Rotate downwards
C) Not be changed
D) Parallel
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The slope of an indifference curve represents:<br>A)Price
Q2: Introspection is not the basis of :<br>A)Marshallian
Q4: At the point of tangency of an
Q5: Which of the following is Gossen's first
Q6: The ordering of combinations on an indifference
Q7: Strong ordering is a distinguishing feature of
Q8: Measurable utility is the postulate of:<br>A)Neo-Classical school<br>B)Ordinalist
Q9: The convexity of an indifference curve shows:<br>A)Diminishing
Q10: Commodities bought in larger quantities when income
Q11: Substitution Effect is:<br>A)Always negative<br>B)Always positive<br>C)Seldom negative<br>D)Zero