Exam Question
Price effect in indifference curve analysis arises?
- 1. When the consumer becomes either better off or worse off because price change is not compensated by income change
- 2. When the consumer is betler off due to a change in income and price
- 3. When income and price change
- 4. None of the above
View Answer
Answer 1. When the consumer becomes either better off or worse off because price change is not compensated by income change
Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Managerial Economoics question set and give online exam quiz test for Managerial Economoics, so you can check your knowledge. You can get MCQ Study and Exam link from home page.