Arrange the following values of elasticity in increasing order:

A. Infinity

B. Unitary elastic

C. Greater than unitary elastic

D. Less than unitary elastic

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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 relation between the consumer's optimal choice of the quantity of a good and its price is called ?

A good that is considered to be inferior to a consumer, may be observed as normal good to the another consumer. This is due to

Match List-I with List-II

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Which of the following would appropriately define a budget set?

Which of the following conditions of the indifference curve is violated when two indifference curves are intersecting each other?