Other things remaining the same, when a consumers income increases his equilibrium point moves to:

A. A lower indifference curve

B. A lower PPC curve

C. Remains on same indifference curve

D. A higher indifference curve

Related Questions

  1. In the real world, some competitive firms owns specialized resources that earn a return called:
  2. Law of Diminishing Marginal Utility is practically untrue because:
  3. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  4. Utility is a function of:
  5. Monopolistic firm can fix:
  6. A market demand schedule is obtained by adding individual demand schedules:
  7. External economies are witnessed in:
  8. Marginal utility equals:
  9. Under Bandwagon effects, people use those goods which are used by their:
  10. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  11. If the increase in demand is more than the increase in supply, the price will:
  12. If the commodity is normal then fall in price will result in:
  13. The firms in non-cooperative games:
  14. The short-run periods in monopolistic competition are:
  15. MRSxy measures:
  16. Which form of market structure is characterized by interdependence in decision-making as between the…
  17. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  18. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  19. Which of the following formulae explain the term average revenue?
  20. In the case of an inferior good, the income effect:
  21. MC curve is:
  22. In case of straight-line isoquant, the factors are not substituted because they are each others:
  23. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  24. Necessary condition for consumer equilibrium is:
  25. Increase in demand occurs when:
  26. Which is the other name that is given to the average revenue curve?
  27. In the range of excess capacity, the average costs are:
  28. Efficient allocation of resources is achieved to a greater extent under:
  29. The external economies of scale experienced by a firm include the:
  30. The nominal income of a consumer is income in terms of:

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