271) Which of the following statements about the market demand curve for a product is false?
Answer is:
The market demand curve may shift if there is change in the price of the product
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The consumer’s marginal utility will diminish
Answer is:
The consumer would gain more utility from A and B by consuming more A and less B
Answer is:
The fact that the further an indifference curve is from the origin, the more total utility it represents
Answer is: