Income consumption curve of an inferior commodity is
A) positively sloped
B) backward bending
C) downward slopping straight line
D) showing constant income effect
Correct Answer:
Verified
Q1: Hicks Allen indifference theory is based on
A)weak
Q3: In case of a convex indifference curve
A)mrs
Q4: 'Higher the indifference curve higher will be
Q5: As per indifference curve analysis, consumer always
Q6: Which method is used by Hicks to
Q7: The basic doctrine of consumers' surplus is
Q8: According to Marshall, The law of diminishing
Q9: An indifference curve represent
A)four commodities
B)less than two
Q10: Indifference curve is always
A)concave to the origin
B)convex
Q11: Engel curve for giffen good is
A)positively sloped
B)negatively
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