MCQOPTIONS
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| 1. |
_ Which one is not a assumption of the theory of demand based on analysis of indifference curves?$? |
| A. | Given scale of preferences as between different combinations of two goods |
| B. | Diminishing marginal rate of substitution |
| C. | Constant marginal utility of money |
| D. | Consumers would always prefer more of a particular good to less of it, other things remaining the same |
| Answer» D. Consumers would always prefer more of a particular good to less of it, other things remaining the same | |