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Consumers Equilibrium and Demand Test - 4

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Consumers Equilibrium and Demand Test - 4
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  • Question 1
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    As we move down the indifference curve, the slope of IC tends to:

  • Question 2
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    Given that MRS tends to decline, IC is:

  • Question 3
    1 / -0

    A shift in the budget line, when income of the consumer remains constant, is due to:

  • Question 4
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    In case indifference curve is a downward sloping straight line, MRS will be:

  • Question 5
    1 / -0

    Worth of a rupee to a consumer is called:

  • Question 6
    1 / -0

    A consumer attains equilibrium, in case of one commodity, when:

  • Question 7
    1 / -0

    According to IC approach, at the point of equilibrium:

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