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:
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Q10: In the case of an indifference curve
A)dU/dX>dU/dY
B)dU/dX
Q11: An Indifference Curve to the right of
Q12: As moving from left to right through
Q13: The slope of an indifference curve represents:
A)Price
Q14: In the case of perfect complementaries, the
Q16: At the point of tangency of an
Q17: Commodities bought in larger quantities when income
Q18: Change in demand due to change in
Q19: Substitution Effect is:
A)Always negative
B)Always positive
C)Seldom negative
D)Zero
Q20: If income effect works in the same
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