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If the price of a product falls which of the following would occur?

A. Indifference curves shift down

B. Budget line shifts down

C. Indifference curve shift up

D. Budget line pivots

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

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  1. Who is the founder of classical school of thought?
  2. The greater the percentage of income spent on a commodity:
  3. Which of the following does not have a uniform elasticity of demand at all points?
  4. Price discrimination is undertaken with the aim of:
  5. If in the long run all factor inputs are increased three times and the resulting output is four times…
  6. At a point below the middle of a straight line demand curve, elasticity of demand is:
  7. The MC curve cuts the AVC and ATC curves:
  8. Under which of the following forms of the market structure does a firm have no control over the price…
  9. Which of the following theories of trade cycle was presented by William Jevons?
  10. The critics of Sweezy model say that kink generates:
  11. In dominant strategies I am doing the best, I can no matter:
  12. Marginal cost is found with the help of changes in:
  13. In second degree price discrimination, monopolist takes away :
  14. A shift in the demand for a product is likely to result from a change in:
  15. In modern theory, LAC = LMC after the attainment of:
  16. A high value of cross-elasticity indicates that the two commodities are:
  17. When total product falls:
  18. In the case of an inferior good, the income effect:
  19. Consumers Surplus can also be defined as:
  20. When a consumer is satisfied with his spending pattern, he is said to be in:
  21. Loanable funds theory of Interest was developed by:
  22. In case of monopoly, the slope of MR is:
  23. An economic theory is :
  24. The Tit for Tat strategy means cooperation by the 2nd firm if:
  25. Under perfect competition, the average revenue, marginal revenue and price are shown:
  26. In joint-profit maximization cartel, the distribution of profit is:
  27. Which describes a competitive market?
  28. Average cost means:
  29. An indifference curve normally slopes downward from:
  30. As the price of diamond is higher, so it has: