Arrange the values of the elasticity of demand of the following at different points on a downward straight line demand curve in ascending order.

(A) The point where the demand curve meets the horizontal axis.

(B) The point where the demand curve meets the vertical axis.

(C) At any point to the left of the midpoint of the demand curve.

(D) At any point to the right of the midpoint of the demand curve.

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The demand for a good moves in opposite direction if change in the price of its __________ :

Suppose the consumer have 15 rupees to spend on purchasing two goods namely $x_1$ and $x_2$ where the price of $x_1$ is 2.50 and price of $x_2$ is 1.50 then what is the maximum quantity of $x_1$ and $x_2$ at which the consumer's budget line will intersect the axis of the graph if $x_1$ and $x_2$ are represented in the vertical axis and horizontal axis of the graph respectively.

Arrange the following values of elasticity of demand of a downward sloping linear demand line in correct order starting from left to the right along with the demand curve.

(A) E$_d$ =0

(B) E$_d$ = ∞

(C) E$_d$ =1

(D) E$_d$ <1

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The indifference curve is :

Level of utility that can be expressed in numbers is called?

Identify the features of indifference curve ?

(A) An indifference curve reflects same utility level with different combinations.

(B) Indifference curve are downward sloping from right to left.

(C) Higher indifference curve gives greater level of utility.

(D) Two indifference curve never intersect each other.

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