In the case of a free good, the consumer will be in equilibrium when:

Related MCQs

• Which of the following statements is most closely associated with general equilibrium analysis?
• The market equilibrium for a commodity is determined by
• The market equilibrium for a commodity is determined by:
• At prices above the equilibrium price:
• A fall in income of the consumer, other things being equal, causes:
• In a free enterprise economy, the problems of what, how and for whom to produce are solved by :
• Micro economic theory studies how a free enterprise economy determines:
• The curve showing the possibilities of production of desired good is known as:
• Change in demand due to a change in the price of related good :
• The Price and quantity relationship for an inferior good is: