Theory of Consumer Behaviour Class 12 MCQs Questions with Answers

1. Indifference curves never intersect each other due to:

2. Consumer’s behaviour is studied in:

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

4. Marginal utility approach was given by:

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

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

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

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

9. Which is the First Law of Gossen?

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

11. Which of the following statement is true ?

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

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

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

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

16. Total utility is maximum when :

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

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

19. An indifference curve is always :

20. Who gave the cardinal concept of utility?