Microeconomics Online Test

A person with a diminishing marginal utility of income:


We know that the demand for a product is elastic if:


If consumer incomes increase, the demand for product Y:


Due to capacity constraints, the price elasticity of supply for most products is:


An indifference curve is:


If a sales tax on beer leads to reduced tax revenue, this means:


The numerical measurement of a consumer's preference is called:


It is expected that the sign of cross elasticity between two complementary goods would be:


It is expected that the sign of cross elasticity between two substitute goods would be:


A Demand Curve is price inelastic when:












Description:

Economics, Microeconomics,, Consumption, Indifference Curves, Indifference Map, Marginal Rate of Substitution, Properties of Indifference Curves, Price Line and Consumer’s Equilibrium,Risk, General Economics Perspective

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Muhammad Daud Mhaesar

what is economics

2508 days 2 hours 56 minutes ago

suneel kumar
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