The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:

A. Only when the price of commodity X changes

B. Only when the price of commodity Y changes

C. Only when the consumers income is varied

D. None of the above

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

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  1. The game theory was basically presented by:
  2. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  3. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  4. The normal long-run average cost curve is influenced by the:
  5. Law of Variable Proportions is regarding in:
  6. In dominant price leadership model, the small firms are like:
  7. According to Robbins, economics is a:
  8. The effects according to which people use those goods which are concerned with distinctive standard…
  9. Cardinal approach includes arranging:
  10. Profits of a firm will be calculated taking into account the units produced and the difference between:
  11. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  12. Utility is:
  13. The production possibility curve (PPC) is concerned with:
  14. In the perfect competition, there is a process of:
  15. In microeconomics, we study:
  16. The demand curve of ostentation goods (Veblen goods) will be:
  17. Who wrote Mathematical Analysis for Economists?
  18. The marginal revenue of a perfectly competitive firm is:
  19. Which of the following curves is a rectangular hyperbola?
  20. The long run average cost curve is:
  21. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  22. Who developed the concept of Representative Firm?
  23. In a socialist (communist) economy the invisible hand:
  24. In which case the elasticity shown by the different points of a curve is the same?
  25. In measuring price-elasticity:
  26. Economics is a:
  27. The difference between the average total cost and average variable cost as output increases will:
  28. The supply curve would probably shift to the right if:
  29. The slutsky demand curve includes:
  30. Who first used the term Quasi-Rent?