Two indifference curves can never intersect each other as ...............

1. They give the same level of satisfaction.
2. They give different levels of satisfaction.
3. They are concave to the origin.
4. They are convex to the origin.

The indifference curve for goods $x_1$ and $x_2$ is sloped downwards when?

Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

Why indifference curves are convex to origin?

1. Due to the constant market rate of exchange.
2. Due to the increasing marginal rate of substitution.
3. Due to the constant marginal rate of substitution.
4. Due to a diminishing marginal rate of substitution.

How much of Good X can the consumer consume if she spends her entire income on that good?

Arrange the following concept emerges in context of consumer equilibrium.

(A) Transfer his expenditure from Good Y to Good X.

(B) Sacrifice more of Good Y to gain Good X.

(C) Till, Marginal Rate of Substitution (MRSxy) = Market Rate of Exchnage.

(D) Suppose, Marginal Rate of Substitution (MRSxy) > Market Rate of Exchnage.

Choose the correct answer from the options given below:

If the income effect is stronger than the substitution effect, the demand for the good would be positively related to its price. Such goods are called: