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If both the products X & Y are normal goods


A) slopes down towards right
B) slopes up towards right
C) slopes up towards left
D) slopes down towards left

E) C) and D)
F) B) and D)

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The substitution effect for a commodity is


A) is always positive
B) depends upon the nature of the commodity
C) depends upon price effect
D) sometimes negative and sometimes positive

E) A) and B)
F) A) and C)

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At the point of tangency the slope of indifference curve is


A) differ from point to point
B) is equal on the other side of the mid point
C) is the same
D) is increasing

E) None of the above
F) B) and D)

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Revealed preference theory assumes


A) weak ordering
B) strong ordering
C) constant ordering
D) multiple ordering

E) A) and D)
F) C) and D)

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