# Horizontal Indifference Curve MCQs 1581 to 1585

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## Horizontal Indifference Curve MCQs

1. If an indifference curve were horizontal (assume X is measured along the horizontal axis and Y along the vertical axis), this would mean that the consumer is saturated with
• Commodity X only
• Commodity Y only
• Both commodity X and commodity Y
• Neither commodity X nor commodity Y
2. The statement C = D = 10 utils implies
• An ordinal measure of utility only
• A cardinal measure of utility only
• An ordinal and a cardinal measure of utility
• None of the above
3. If the MU if the last unit of X consumed is twice the MU of the last unit of Y consumed, the consumer is in equilibrium only if
• The price of X is twice the price of Y
• The price of X is equal to the price of Y
• The price of X is one half of the price of Y
• Any of the above is possible
4. When total utility increases, marginal utility is
• Negative and increasing
• Negative and declining
• Zero
• Positive and declining
5. Which of the following elasticities measure a movement along a curve rather than a shift in the curve?
• The price elasticity of demand
• The cross elasticity of demand
• The income elasticity of demand
• The price elasticity of supply.
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Economics 1581-1585

1 / 5

If an indifference curve were horizontal (assume X is measured along the horizontal axis and Y along the vertical axis), this would mean that the consumer is saturated with

2 / 5

The statement C = D = 10 utils implies

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If the MU if the last unit of X consumed is twice the MU of the last unit of Y consumed, the consumer is in equilibrium only if

4 / 5

5 / 5

Which of the following elasticities measure a movement along a curve rather than a shift in the curve?

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