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Standard XII
Business Studies
Marketing Mix
Write true or...
Question
Write true or false with a reason:
All attainable combinations of Good-X and Good-Y are below the budget line of a consumer.
A
True
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B
False
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Solution
The correct option is
B
False
False.
All attainable combinations of Good-X and Good-Y are below as well as along the budget line.
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All attainable combinations of Good-X and Good-Y are below the budget line of a consumer. State True or False.
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All attainable combinations of good X and good Y are
the budget line.
Q.
Write true or false with a reason:
Feasible combinations of goods are those combinations which a consumer can always buy, no matter what his income is.
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Write true or false with a reason:
The rate at which the consumer can substitute Good-X for Good-Y tends to decline as we move downward along the price line.
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Write true or false with a reason:
Increase in income of the consumer is the only cause that leads to a parallel shift of budget line to the right.
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