1) Indifference curve approach is the contribution of ?

2) What is the slope of the budget line if, price of good 1 is ₹10 and price of good 2 is ₹5 ?

3) Identify the nature of demand curve when elasticity of demand is equal to 1 ?

4) A fall in the price of a commodity, holding everything else constant, results an increase in demand and is referred to as ?

5) What is the price elasticity of demand if, there is no change in expenditure as a result of change in price ?

6) Consider the equation y = f (x), then the variable Y is?.

7) Which of the following is the most important determinant of demand?

8) In the given budget line equation 5X1 + 2X2 = 20, what is the vertical intercept ?

9) A collection of indifference curves is called

10) Mr. A consumes two fruits : Apple and Orange. He has monotonic preference, which implies that:

11) Pick out the correct equation for showing consumer’s budget constraint ?

12) The name given to the commodities using together ?

13) Want satisfying power of a commodity is called ?

14) When the income of the consumer was ₹500, he buys 4kg of good y. His income increased by ₹100, then he reduced the consumption of good y by 2 units. What is the type of good y ?

15) Price of a commodity increased from 10 to 15, as a result quantity demanded decreased from 100 to 75. What is the value of elasticity?

16) What is called if demand increases as a result of decrease in price ?

17) Elasticity in a rectangular hyperbola type demand curve will be ?

18) In the given equation q= a-bp, slope is represented by?

19) Slope of a IC is represented by ?

20) Suppose a consumer’s preferences are monotonic, which among the following bundles consumer will select ?

21) In drawing an individual demand curve, all but one of the following are kept constant ?

22) Which of the following goods has more elastic demand ?

23) Find the odd one out 

24) In the below given diagram, movement of budget line from AB to AB1 is due to

25) A demand curve is given, in which identify elasticity at point ‘M’

26) The relationship between demand and determinants of demand is called 

27) Change in demand caused by change in price is called 

28) In the below diagram identify point ‘C’

29) The rate at which one good is substituted for another is called 

30) A linear demand equation is given as q = a – bp. Here , if price = 0 then demand will be  

31) In the below diagram , movement of demand curve from DD to D₁D₁ is due to

32) The concept ‘ elasticity ‘ is first introduced by economist

33) Two individual demand curves are give as q1 =  20 – p and q2 = 10 – 2p, then the market demand equation (Dm) will be

34) In the below given indifference curve, when comparing point D with any point in the IC, point D represents

35) In the equation , q = 10 – 2p, if price is given as 3. What will be the quantity demanded?

36) A consumer can afford to buy 6 units of good 1 and 8 units of good 2 if the consumer spends his entire income. The prices of two goods are ₹6 and ₹8 respectively. How much will be the income of the consumer? 

37) A graph is given below, in which point E represents

38) In the below given diagram, point C and D does not indicate equilibrium because

39) From the below equations, which equation represents budget line ?

40) Representation of preferences in terms of utility numbers is called

41) Cardinal approach was put forwarded by

42) As we consume more and more unit of a same commodity the utility derived from the subsequent units diminishes. This is called

43) Watch the below given diagram. In the diagram, movement from A to B is called 

44) Find the odd one

45) A linear demand function is represented by q = a -bp. The value of a, b and p are given as 50, 15 and 2 respectively. What is the quantity demanded (q)?

46) Select more elastic good from the following

47) From the below given goods, select one good on which law of demand is applicable

48) Zero elastic demand curve is

49) A unitary elastic demand curve represents

50) From the below given goods, select one good on which law of demand is not applicable