MCQs on Consumer Behaviour :-
Q.Maximum satisfaction of the consumer with his given level of income is
a. Consumer behaviour
b. Consumer's equilibrium
c. Consumer's disequilibrium
Answer - (c)
Q. Want satisfying power of a commodity is
a. Production
b. Consumption
c. Utility
Answer - (c)
Q. Utility is measured in............. numbers
a. Cardinal
b. Ordinal
c. Points
Answer - (b)
Q. Which among the following is the determinant of demand?
a. Price of goods
b. Income of the consumer
c. Tastes
d. All of these
Answer - (d)
Q. In the consumer's equilibrium, the budget line .......... the indifference curve.
a. Intersects
b. Is parallel to
c. Is tangent to
Answer - (c)
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