Engel curve for giffen good is
A) positively sloped
B) negatively sloped
C) horizontal straight line
D) vertical straight line
Correct Answer:
Verified
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
Q12: Marginal utility is
A)always zero
B)increases at a diminishing
Q13: Total utility is
A)the sum total of marginal
Q14: When Total utility is increasing at an
Q15: Other things being equal a decrease in
Q16: When price of a product falls, more
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