If the prices of goods rise then:

A. The real income of consumer falls

B. The real income of consumer rises

C. The real income of a consumer remains constant

D. The real income of consumer becomes zero

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

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  1. Firms average and marginal revenues are equal under:
  2. Demand for a commodity is elastic when it has
  3. The model which gives us information about price and output changes in different periods is:
  4. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  5. We get constant returns to scale when:
  6. A demand curve is not related to:
  7. Production indifference curve (isoquant) is a curve which shows:
  8. If two households have identical preferences but different incomes then:
  9. Robbins definition of economics was criticised by:
  10. The line from the origin to a point on an isoquant shows:
  11. An indifference curve slopes down towards right since more of one commodity and less of another result…
  12. Price discrimination is possible:
  13. The alternative of profit maximization theory is:
  14. In monopolistic competition, because of difference in choices, the firm charges:
  15. Repetition of a game (Repeated Game):
  16. In economist the term invisible hand is refers to:
  17. Which of the following is not a characteristic of a perfectly competitive market?
  18. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  19. In the case of an inferior good, the income effect:
  20. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  21. The pay-off matrix shows:
  22. Price mechanism has also given the name:
  23. If the demand curve is vertical then its slope is:
  24. The firm in cournot model:
  25. The ordinary demand curve is also called:
  26. A good tends to have relatively inelastic demand, if:
  27. The cost curves of the firm shift due to changes in:
  28. Price discrimination occurs when:
  29. Which of the following curves is a rectangular hyperbola?
  30. The effect of consumer boycotts usually is: