If the commodity is inferior then Income Effect (I.E) is:

A. Negative

B. Positive

C. Zero

D. Infinite

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In Nash equilibrium, a player:
  2. Market demand curve is:
  3. Under the perfect competition, the transportation cost:
  4. At the shut-down point in perfect competition:
  5. In economist the term invisible hand is refers to:
  6. There is no difference between fixed and variable factors in the:
  7. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  8. If in the long run all factor inputs are increased three times and the resulting output is four times…
  9. In 1932, The nature and significance of economic science was written by:
  10. The model which gives us information about price and output changes in different periods is:
  11. The modern cost curves are based upon the idea of:
  12. Abstinence or Waiting theory of Interest was presented by:
  13. Isocost line shows the combinations of labor and capital where a firms budget is:
  14. In modern theory, LAC = LMC after the attainment of:
  15. The income effect means that consumer purchase more when:
  16. The cost of production is faced by a:
  17. Under perfect competition, the average revenue, marginal revenue and price are shown:
  18. A market demand curve presumes that:
  19. Production function shows:
  20. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  21. According to Robbins, economics is a:
  22. When the demand curve is rectangular hyperbola, it represents:
  23. Price discrimination is undertaken with the aim of:
  24. On all points of budget (price) line:
  25. When there is decrease in demand the demand curve:
  26. The relationship between price effect, income effect and substitution effect is:
  27. The main contribution of Malthus is in the field of:
  28. Ordinal approach includes arranging:
  29. Extension (expansion) and contraction of demand are result of:
  30. Who finalized the model of monopolistic competition?