Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

If two goods are perfect substitutes then IC will be:

A. Concave to the origin

B. Convex to the origin

C. Positively sloped

D. Negatively sloped

Correct Answer :

D. Negatively sloped


Share this question with your friends
Show all Basics of Economics MCQ

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

Submit
Load More..

Related Questions

In the case of substitutes, the cross demand curve slopes An inferior commodity is one whose quantity demand decreases when income… If the commodity is inferior then the increase in income of the consumer… The reserve capacity in administration is advocated on the ground that… If the commodity is normal then Income Effect (I.E) is: The act of producing the output from more than one plant is concerned… In monopolistic competition, the firms have to face: Which is the first-order condition for the profit of a firm to be maximum? In the real world, some competitive firms owns specialized resources that… The giffen paradox is an exception to law of: In the case of complements, the cross demand curve slopes: Average cost means: If two goods are complements then indifference curve (IC) will be: Kinked Demand Curve is consistent with which one of the following market… If the production function is homogeneous, the expansion path will be… At a point above the middle of a straight line demand curve, elasticity… Of the following commodities, which has the lowest price-elasticity of… Which of the following formulae explain the term average revenue? In price leadership, like leader, the follower firm may: Consumers are likely to get a variety of similar goods under: In second degree price discrimination, monopolist takes away : Chamberline introduces the concept of: In discriminating monopoly (price discrimination), the elasticity of demand… A maximin strategy: In case of monopoly, when total revenue is maximum: Which of the following is not a feature of isoproduct curves? The budget-line is also known as the: The game theory concentrates on: According to Smith, by value we mean the value with respect to use, and… The games which played by players again and again are called:

Also checkout

Decision Making MCQ Thermo Electricity MCQ PhotoShop MCQ Chain Rule MCQ Chemical Equilibrium MCQ Compound Interest MCQ Spanish Literature and Culture MCQ Fact MCQ Angiosperms (Inflorescence, Flower and Fruit) MCQ Selenium automation MCQ Banker's Discount MCQ Nervous System MCQ