All the points on a budget line represent: - Vidyadip

MCQ

All the points on a budget line represent:

A
Increasing total expenditure.
✓
The same total expenditure.
C
Decreasing total expenditure.
D
None of the above.

✓

Answer

Correct option: B.

The same total expenditure.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

All of the following are characteristics of a monopoly except:

With a fall in the price of a commodity:

Assertion (A): 100, 95, 48, 86, 35, 65, 90, 54, 65, 98 are the scores of a class of 10 students in Statistics. This is an example of statistical data.
Reason (R): The statistical data are expressed in numbers and have to have some homogeneity.

Assume that in the market for a good $Z$ there is a simultaneous increase in demand and the quantity supplied. The result will be:

The law of scarcity.

When slope of demand curve = 0, the elasticity of demand is:

At the mid-point of as straight line downward sloping demand curve, elasticity of demand $(Ed)$ is:

As a result of rise in consumer's income, demand curve for coarse grain (inferior good):

A statement which does not offer any suggestion is known as:

The following table show the production of cricket bats and sarees of an imaginary economy:

Production of Cricket Bats $($thousand$)$	$0$	$1$	$2$	$3$	$4$	$5$
Production of Sarees $($in lakh$)$	$75$	$70$	$62$	$50$	$30$	$0$

If the production of cricket bats is increased from $3$ thousand to $4$ thousand, how much production of sarees will he to be sacrificed by the economy?