Consumers Equilibrium and Demand - Online Test
Q1. An indifference curve indicates, ceteris paribus?
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. The coefficient of price elasticity of demand is always
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Utility of a good can be explained as a?
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. Which of the following statements regarding ordinal utility is true?
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Which of the following curve has a negative slope and cannot interest each other?
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. At what point does total utility starts diminishing?
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. Total utility curve:
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Total utility is maximum when?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. The slope of price line throughout its length?
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Which of the following is not true?
Answer : Option A
Explaination / Solution:
No Explaination.
