An indifference curve normally slopes downward from:

A. Left to right

B. Right to left

C. Both of them

D. None of them

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  1. Which of the following pairs of commodities is an example of substitutes?
  2. Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
  3. Which of the following is not a characteristic of a perfectly competitive market?
  4. Income effect operates through an increase
  5. Demand is elastic when the coefficient of elasticity is:
  6. In case of monopoly, the price charged against the additional unit is:
  7. For a few products such as insulin for diabetics,:
  8. The optimal strategy for a player is termed as:
  9. The greater the percentage of income spent on a commodity:
  10. The production techniques are technically efficient:
  11. Average Revenue means:
  12. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  13. The output where TC = TR & AC = AR:
  14. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  15. In cournot model, firms make decisions separately regarding:
  16. In the long run average costs curve, a firm can change:
  17. The optimum level of output in long run takes place where:
  18. Elasticity (E) expressed by the term, 1>E>0, is:
  19. In economics, Externality means:
  20. At a point above the middle of a straight line demand curve, elasticity of demand is:
  21. Which of the following is not a U shaped curve:
  22. In the case where two commodities are good substitutes then cross elasticity will be:
  23. At final equilibrium in cournot model, each firm sells:
  24. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  25. If the commodities X and Y are perfect substitutes then:
  26. AR curve under perfect competition:
  27. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  28. The amount of income left over for a consumer in equilibrium is :
  29. In second degree price discrimination, monopolist takes away :
  30. A normal profit is: