Home › Bihar Board Class 12 (Arts) › Economics › Theory of Consumer Behaviour › Bundles on indifference curves above the optimum…
Bundles on indifference curves above the optimum curve are what?
ACheaper than optimum
BInferior but affordable
CBeyond her budget
DEqual in utility
Answer & Solution
Correct answer: C. Beyond her budget
Higher curves lie beyond the budget line, so the consumer cannot pay for them.
Related questions
For a price-inelastic good, a price rise causes expenditure to do what?A price rises and quantity falls by a larger percentage. What happens to expenditure on thExpenditure on a good equals which product?Why is demand for a particular variety of pulses likely more elastic than for food overallWhich kind of good typically has price inelastic demand?Which demand curve has elasticity of one at every point?A vertical demand curve is described as what?Elasticity on the part of a linear demand curve to the left of the midpoint is what?