Practice free →
Home › CBSE Class 11 (Arts) › Economics › Microeconomics: Consumer's Equilibrium and Demand › Giving up more of one good, the consumer needs s…

Giving up more of one good, the consumer needs successively

Aless of the other
Bno more of the other
Cmore of the other
Da smaller income
Answer & Solution
Correct answer: C. more of the other
Convexity means ever larger doses of the other good are needed to keep satisfaction unchanged.
Solve this in the app — CBSE Class 11 (Arts) practice & 24k+ MCQs →
Related questions