info@avatto.com
+91-9920808017
56. When quantity demanded changes due to factors other than price, it is called
increase in demand
decrease in demand
Both (a) and (b)
None of these
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
57. Assertion (A). "Utility will be maximized when the marginal unit of expenditure in each direction brings the same incremental utility.Reason (R). A consumer will try to maximize his utility.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true but (R) is not the correct explanation of (A).
Both (A) and (R) are false.
(A) is true but (R) is false.
58. The perfect competition is characterized by
seller as a price taker
firms selling identical products
presence of many firms
all of these
59. The term 'revealed preference' was introduced in the book by
Das Capital
Affluent Society
Foundations of Economic Analysis
60. In the case of contraction or extension in demand, the movement is along a demand curve whereas, in case of increase or decrease, the demand curve will move
downward
upward
any of these
none of these
Login with Facebook
Login with Google
Forgot your password?
Lost your password? Please enter your email address. You will receive mail with link to set new password.
Back to login
