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प्रश्न
A consumer consumes only two goods. If the price of one of the goods falls, the indifference curve: (Choose the correct alternative)
a. Shifts upwards
b. Shifts downwards
c. Can shift both upwards or downwards
d. Does not shift
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उत्तर
A fall in the price of one good will not shift the indifference curve. An indifference curve represents all combinations of two goods which give the same level of satisfaction to a consumer. Therefore, a change in the price of anyone good will not affect the indifference curve.
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