Indifference Curve Diagram MCQs 1171 to 1175

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Indifference Curve Diagram MCQs

  1. In an indifference curve diagram, when the price of a product increases, the decline in quantity or welfare is kept constant is referred to as the
  2. In an indifference curve diagram when consumer income increases
  3. An indifference curve shows
  4. Indifference curves are downward-sloping and are drawn bowed toward the origin implying
  5. If the price of a product falls which of the following would occur?

Quiz with Answers

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Economics 1171-1175

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1 / 5

In an indifference curve diagram, when the price of a product increases, the decline in quantity or welfare is kept constant is referred to as the

2 / 5

In an indifference curve diagram when consumer income increases

3 / 5

An indifference curve shows

4 / 5

5 / 5

If the price of a product falls which of the following would occur?

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Indifference Curve Diagram MCQs
Indifference Curve Diagram MCQs

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