Consumers Equil...

What does 'marginal utility' represent in consumer theory?

The satisfying power of a commodity is known as:

How does an increase in consumer income typically affect the demand for normal goods?

When graphed, what shape does a demand curve take if the demand schedule shows that as price increases, quantity demanded remains constant?

At the point of tangency, the slope of the indifference curve is ___________.

What does the term 'cross elasticity of demand' measure?

_____________ is defined as the difference between what the consumer is willing to pay for a product and what he is able to pay.

Price elasticity of demand for wheat is equal to unity and a household demands 40 Kg of wheat when the price is Rs.1 per kg. At what price will the household demand 36 kg of wheat?

Which of the following curve has a negative slope and cannot interest each other?

What effect will a decrease in demand and an increase in supply have on equilibrium price?