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Match the following List-I List-II a Convexity of the indifference curve...

This question belongs to Commerce Economics
Economics
?

Match the following.
List-I List-II
a. Convexity of the indifference curve to origin 1. Indifference curve analysis
b. Quantity of certain goods sacrificed for a large quantity of other goods 2. Consumer's equilibrium
c. Equality of the ratio of the marginal utilities with that of the prices of the two goods 3. Substitutability/Complementarity of the two goods
d. Separation of substitution and income effects from the total price effect 4. Marginal rate of substitution

Answer & Solution
Correct Answer: Option B
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