48. “Net substitutions” are based upon:
(a) SE only (b) IE only(c) PE only (d) All of the above
48. “Net substitutions” are based upon: Read More »
47. With the rise of prices of goods:
(a) there is fall in income of consumer(b) there is rise in income of consumer(c) income of the consumer does not change(d) income of the consumer becomes double
47. With the rise of prices of goods: Read More »
46. In case of giffin goods, price effect:
(a) negative (b) positive(c) neutral (d) zero
46. In case of giffin goods, price effect: Read More »
45. In case of gifin goods, the relationship between the price, substitution and
(a).meP SE(cts) E'(ill)be (b) SE=PE+IE(c) IE =PE+SE (d) None of them
45. In case of gifin goods, the relationship between the price, substitution and Read More »
44. “PE” represents the effect on consumer’s equilibrium if price of one commodity changes while the prices of the other commodity and the income of the consumer:
(a) also change (b) remain the same(c) increase (d) decrease
43. The necessary condition of consumer equilibrium requires that:
(a) fx/px = fy/p\Py=^(b) fx/Py=fy/px= lambda(c) fx/px = fy/py > lambda(d) fx/py=fy/Py< lambda
43. The necessary condition of consumer equilibrium requires that: Read More »
42. In case of normal goods, price effect is:
(a) inverse (b) negative(c) both (a) and (b) (d) positive
42. In case of normal goods, price effect is: Read More »
41. PE occurs on thier higher IC in case of:
(a) Engel curves (b) Slutsky approach (c) Hicksian analysis (d) None of them
41. PE occurs on thier higher IC in case of: Read More »
40. Engel curves show how commodity’s consumption rate differs at various levels of:
(a) income (b) consumption(c) price (d) production
40. Engel curves show how commodity’s consumption rate differs at various levels of: Read More »
39. In case of inferior goods, the increase in income of the consumer results in:
(a) less purchase (b) higher purchase(c) constant purchase (d) none of them
39. In case of inferior goods, the increase in income of the consumer results in: Read More »