An individual demand curve slopes downward to the right because of the Options: A . &nbspWorking of the law of diminishing marginal utility B . &nbspSubstitution effect of decrease in price C . &nbspIncome effect of fall in price D . &nbspAll of the above

An individual demand curve slopes downward to the right because of the

Question

An individual demand curve slopes downward to the right because of the

Options:

A . Working of the law of diminishing marginal utility

B . Substitution effect of decrease in price

C . Income effect of fall in price

D . All of the above

Answer: Option D

Submit Your Solution Below and Earn Points !

Next Question

Question 1. Income elasticity of demand is defined as the responsiveness of....

Question 2. The supply of a good refers to....

Question 3. The cost of one thing in terms of the alternative given up is called....

Question 4. Assume that consumer's income and the number of sellers in the market for good X both falls. Based on this information, ....this information, we can conclude with certaintty that the equilibrium

Question 5. The economist's objections to monopoly rest on which of the following grounds?....

Question 6. In which of the following market structure is the degree of control over the price of its product by a firm very large?....the price of its product by a firm very large?

Question 7. The offer curves introduced by Alfred Marshall, helps us to understand how the ___ is established in international trade....to understand how the ___ is established in international trade.

Question 8. The producer's demand for a factor of production is governed by the ____ of the factor.....

Question 9. Demand for factors of production is....

Question 10. Under conditions of perfect competition in the product market....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0