If both the products X & Y are normal goods
A) slopes down towards right
B) slopes up towards right
C) slopes up towards left
D) slopes down towards left
Correct Answer:
Verified
Q11: The basic doctrine of consumers surplus is
Q12: According to Marshall, The law of diminishing
Q13: Indifference curve is always
A)concave to the origin
B)convex
Q14: Price effect is
A)income effect - substitution effect
B)substitution
Q15: For a giffen good, when price falls
A)demand
Q16: Inferior goods are the goods with
A)falling income
Q17: Which of the following is called gossans
Q18: According to Marshall consumer surplusis:
A)total utility -
Q20: Which of the following statement is TRUE
Q21: If negative income effect is less than
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents