At the point of tangency the slope of indifference curve is
A) differ from point to point
B) is equal on the other side of the mid point
C) is the same
D) is increasing
Correct Answer:
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Q11: Strong ordering means
A)absence of indifference
B)presence of indifference
C)no
Q12: In the fundamental theorem of consumption and
Q13: If negative income effect is greater than
Q14: As per indifference curve analysis consumer equilibrium
Q15: The slope of a budget line is
A)the
Q17: The slope of a budget line throughout
Q18: The income effect for a commodity is
A)is
Q19: The substitution effect for a commodity is
A)is
Q20: Price effect is
A)income effect - substitution effect
B)substitution
Q21: For a giffen good, when price falls
A)demand
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