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In case of income effect, the level of consumers satisfaction rises when:

A. Income rises

B. Income falls

C. Sales rises

D. Price falls

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

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  1. All of the following curves are U-Shaped except:
  2. Equilibrium of a firm represents maximization of profits as well as:
  3. Which of the following is assumed to be constant when a supply curve is drawn:
  4. In first degree price discrimination, monopolist takes away :
  5. The external economies of scale experienced by a firm include the:
  6. Who is the founder of classical school of thought?
  7. We can obtain consumers demand curve from:
  8. The production function can convey to a firm:
  9. An inferior good/ commodity is inferior for:
  10. With the change in the factor prices, the slope of the expansion path will:
  11. According to Robbins, economics is a:
  12. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  13. If the price of coffee increases, you would predict that:
  14. Repetition of a game (Repeated Game):
  15. The difference between accounting profits and economic profits is:
  16. In economist the term invisible hand is refers to:
  17. Which of the following does not have a uniform elasticity of demand at all points?
  18. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  19. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  20. The non-price competition cartel is a:
  21. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  22. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  23. If a good is an inferior good then an increase in incomes of the consumers will:
  24. Capital and Development Planning is the work of:
  25. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  26. In terms of price, the indirect utility function may be:
  27. The ordinal approach was presented by:
  28. The partial equilibrium model keeps other things:
  29. Elasticity of Substitution (s) is defined as:
  30. The vertical distance between TVC and TC is equal to: