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If two goods are complements then indifference curve (IC) will be:

A. Straight line

B. Convex to origin

C. Concave to origin

D. Lshaped

Correct Answer : D.


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  8. An iso-product (an isoquant) curve slopes:
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  10. When income of the consumer increases then demand curve of an inferior good:
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  13. The concept of product differentiation was firstly introduced by:
  14. If the commodity is inferior then:
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  18. Contraction of demand means:
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  20. The giffen paradox is an exception to law of:
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  23. Law of Substitution in production was presented by:
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