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Price effect occurs on the higher IC in case of:

A. Slutsky approach

B. Hicksian approach

C. Marshallian approach

D. None of the above

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

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  1. Robbins definition of economics was criticised by:
  2. Which industries spend a relatively large share of their revenue on research and development in order…
  3. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  4. The Hicksian indirect utility function in the form of equation is:
  5. The optimal strategy for a player is termed as:
  6. Stable cobweb model is a:
  7. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  8. Who introduced the concept of Elasticity of Demand into economic theory?
  9. We can write ordinal utility function as:
  10. The Law of Equi-Marginal Utility states:
  11. Identify the author of The Social Framework:
  12. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  13. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  14. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  15. An optimum level of a firms output is:
  16. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  17. The fundamental choices that a society must make about the use of its resources include:
  18. Moving down along a linear demand curve:
  19. The equilibrium of a firm is determined by the equality of MC and MR in only:
  20. Consumers are likely to get a variety of similar goods under:
  21. Technological efficiency:
  22. The CES production function shows:
  23. Rent is a creation of value, not of wealth who made this observation?
  24. If, at the prevailing price, more of a good is desired than is available for sale:
  25. The market demand for any commodity is the:
  26. Who stated explicitly for the first time the Law of Camparative Costs?
  27. Revealed Preference Theory was presented by:
  28. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  29. In monopolistic competition, because of difference in choices, the firm charges:
  30. In respect of which of the following category of goods is consumers surplus highest?