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

A. Straight line

B. Convex to origin

C. Concave to origin

D. Lshaped

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

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  1. In case of income effect, the level of consumers satisfaction rises when:
  2. The demand of the luxuries is:
  3. In the perfect competition, there is a process of:
  4. Marginal cost curve cuts the average cost curve:
  5. Time Preference Theory of Interest was presented by:
  6. When a consumer reached at the point of saturation then marginal utility (MU) is:
  7. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  8. An iso-product (an isoquant) curve slopes:
  9. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  10. When income of the consumer increases then demand curve of an inferior good:
  11. Identify the author of The Social Framework:
  12. The cost curves of the firm shift due to changes in:
  13. The concept of product differentiation was firstly introduced by:
  14. If the commodity is inferior then:
  15. In monopolistic competition, the firms have to face:
  16. The slutsky demand curve includes:
  17. Which of the following is an implicit cost of production?
  18. Contraction of demand means:
  19. At a point below the middle of a straight line demand curve, elasticity of demand is:
  20. The giffen paradox is an exception to law of:
  21. Which of the following is the work of A.C.Pigou?
  22. According to classical approach, utility can be:
  23. Law of Substitution in production was presented by:
  24. Elasticity (E) expressed by the term, 1>E>0, is:
  25. If the price of coffee increases, you would predict that:
  26. Under perfect competition, a firm will be in equilibrium if:
  27. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  28. In short run:
  29. In cournot model, firms sell:
  30. The consumer is in equilibrium at the where: