Indifference curve analysis is based on the principles of

Related MCQs

• The typical indifference curve ……..
• Which of the following statements is NOT TRUE of indifference curves?
• Demand curve slopes downwards because of
• An exceptional demand curve is one that slopes
• When the demand curve is a rectangular hyperbola, it represents:
• The horizontal demand curve for a commodity shows that its demand is:
• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• Marginal utility curve of a given consumer is also his:
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• Consider a demand curve which takes the form of a straight line cutting both axes. Elasticity at the mid-point of the line would be: