Home

Join Our Socials

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

What is the correct answer?

4

In substitution effect, we:

A. Move to another indifference curve

B. Move along given indifference curve

C. Move to a higher indifference curve

D. Move to a lower indifference curve

Correct Answer :

B. Move along given indifference curve


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

If, at the prevailing price, more of a good is desired than is available… The coefficient of the price elasticity of demand is computed as the absolute… With firms having cost differences under perfect competition, a firm,… Who finalized the model of monopolistic competition? In collusive olligopoly, the firms may make: Ceteris paribus clause in the law of demand means: Utility means: The real income of a consumer is income in terms of: If two households have identical preferences but different incomes then: The average product is given as: In Edgeworth model, prices oscillate between: The least cost combination of factors x , y and z will generally be the… Profits of a firm will be calculated taking into account the units produced… J.R.Hicks was: Cross-elasticity of demand or cross-price elasticity between two perfect… Duopoly is a market where there are: Total variable cost curve: Iso-product curve (isoquant) shows: Under perfect competition, the average revenue, marginal revenue and price… In case of giffin good, price effect is: The engineering production function and engineering costs curves are concerned… The isoquant approach is based upon: The games which played by players again and again are called: Marginal utility (MU) always: The maximization of output subject to cost requires equilibrium at the: The effect of consumer boycotts usually is: Under price discrimination, the buyers must: A firm can never produce in the middle area of input space, in case of: The general markets results from the imposition of price ceilings has… The proportional demand curve in monopolistic competition (also in kinked…

Also checkout

Linux OS MCQ IBPS MCQ Heat & Mass Transfer MCQ Word Power MCQ Poverty and Unemployment MCQ Civil Engineering MCQ Rearrangement Set 5 MCQ Direct TAX MCQ Pipes and Cistern MCQ Chemical Kinetics MCQ AP Research MCQ Tumors of the prostate MCQ