Theory of Consumer Behaviour Class 12 MCQs Questions with Answers

1. The law of equi marginal utility considers price of money as:

2. If price of goods ‘X’ falls leading to increase in demand of goods ‘ Y’ then both the goods are:

3. Indifference curves were first introduced by the English economist in 1881 by:

4. According to total outlay method, the demand of a good is sinelastic when:

5. Consumer’s behaviour is studied in:

6. Total utility is maximum when :

7. Marginal utility approach was given by:

8. Marginal utility curve of a consumer is also his:

9. An indifference curve is always :

10. Who gave the cardinal concept of utility?

11. Any statement about the demand of an object is considered complete when it is mentioned in the following:

12. Indifference curves never intersect each other due to:

13. Which of the following statement is true ?

14. Which is the First Law of Gossen?

15. ……………. shows various combinations of two products that give same amount of satisfaction:

16. Marshall has given the law of Equimarginal utility related:

17. Indifference curves between income and leisure for an individual are generally:

18. In case of a right angled indifference curve the goods are:

19. At equilibrium, the slope of the indifference curve is:

20. How many tremendous curves can touch the budget line: