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MICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS1 Mark
MCQ
In a situation when $MRS _{ Xr }>\frac{ P _{ X }}{ P _{ y }}$, the consumer would react by:
  • A
    diminishing the consumption of commodity-X
  • B
    increasing the consumption of commodity-Y
  • ✓
    increasing the consumption of commodity-X
  • D
    none of these
✓

Answer

Correct option: C.
increasing the consumption of commodity-X
(c) increasing the consumption of commodity-X

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