CSS Economics Solved Mcqs


Q.  Which of the following statements is incorrect?

a. An indifference curve must be downward sloping to the right
b. Convexity of a curve implies that the slope of the curve diminishes as one moves from left to right
c. The elasticity of substitution between two goods to a consumer is zero
d. The total effect of a change in the price of a good on its quantity demanded is called the price effect


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