WorksheetsEconomics quiz
Total questions: 9
Worksheet time: 6mins
The point at which consumer gets maximum satisfaction
Consumer satisfaction
Consumer maximization
Consumer equilibrium
None
Market price can be determined at the point where
Price is more in market
Demand is more in the market
Supply and demand both are more in the market
Supply and demand is equal
Identify the name of the curve
Market curve
Demand curve
Indifference curve
Identify curve
(a) Is the rate at which the consumer is willing to substitute one good for another without changing the level of satisfaction
Identify the situation according to graph
e shifted from e to e1 when price rises
e shifted from e to e1 when price falls
e shifted from e to e1 when price remain the same
e shifted from e to e1 when no change in demand and supply
Identify the wrong statement
Total utility increases when marginal utility is positive
Total utility increases when marginal utility is negative
Total utility maximum when marginal utility is zero
Total utility decreases when marginal utility is negative
Describe image
Describe image
Describe image
