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Identify the correct pair of items from the following Columns I and II: Columns I Columns II (1) Demand Curve (a) Downward sloping (2) Indifference curve (b) Upward rising (3) Marginal Utility -

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Question

Identify the correct pair of items from the following Columns I and II:

Columns I Columns II
(1) Demand Curve (a) Downward sloping
(2) Indifference curve (b) Upward rising
(3) Marginal Utility Curve (c) L shaped curve
(4) Total Utility Curve (d) Y shaped curve

Options

  • 1 - (a)

  • 2 - (b)

  • 3 - (c)

  • 4 - (d)

MCQ

Solution

1 - (a)

Explanation:

The Indifference Curve slopes downward, and the marginal and total utility curves are inverted U-shaped.

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Indifference Curve
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