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Consumer Behavi...

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  • Question 1
    1 / -0.25

    The marginal product is above the average product curve, when the average product is:

  • Question 2
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    What does one take on two axes while drawing an indifference curve?

  • Question 3
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     A consumer reaches equilibrium when?

  • Question 4
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    If the value of   is more than , the consumer__________?

  • Question 5
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    A demand function shows

  • Question 6
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    The tangency between price line and indifference curve shows?

  • Question 7
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    Consumer surplus is more in the case of______________?

  • Question 8
    1 / -0.25

    Marginal utility can be written in terms of symbol as ________?

  • Question 9
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    The value of elasticity in case of a downward sloping demand curve will be

  • Question 10
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    The value of elasticity in case of a rectangular hyperbola demand curve will be

  • Question 11
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    A consumer reaches equilibrium at the point where:

  • Question 12
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    If price elasticity of demand for a good is (-) 3.If the price rises from Rs. 10 to Rs. 12 per unit, what is the percentage change in demand?

  • Question 13
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    If price elasticity of demand for a good is (-) 2.If the price falls from Rs. 8 the consumer buys 50 percent more, what is the new price?

  • Question 14
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    Due to a 10 percent fall in the price of a good, its demand rises from 400 units to 450 units. Calculate its price elasticity of demand.

  • Question 15
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     Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.

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