(a) indifference curves shift downward(b) budget line shifts downward(c) indifference curve shifts upward(d) budget line shifts upward

(a) we don’t need to attach “util” values to consumption(b) consumer can attain higher utility(c) it takes into account how much income the household has(d) demand is more sensitive to price changes

(a) prices of products are assumed to be fixed(b) the consumer need not to spend all her income(c) consumer income is assumed to be fixed(d) the slop represents relative prices

(a) left to right                                               (b) right to left(c) both of them                                               (d) none of them

(a) fully spent                                  (b) half spent(c) partially spent                              (d) none of them

(a) many goods                            (b) few goods(c) two goods                             (d) a few goods

(a) equal to slope of budget line(b) greater than the slope of budget line(c) smaller than the slope of budget line(d) parallel to slope of budget line

(a) analyst  (b) catalyst(c) enzyme   (d) none of them

(a) imports rather than domestic products(b) the services that different commodities provide(c) only those products that are heavily advertised(d) to purchase products with a high marginal utility

(a) diminishes with increase in consumption(b) reflects the overall level of satisfaction of the household(c) is independent of income changes(d) is independent of price changes