Microeconomics

MCQ - 129-4139

Question:

The downward-sloping demand curve is partially explained by which of the following?

Substitution effects and income effects
The law of increasing marginal costs
The principle of comparative advantage
The law of increasing marginal costs
The least-cost principle

Correct Answer: A

Explanation:

Substitution and income effects explain the law of demand.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: The downward-sloping demand curve is partially explained by which of the following? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 129-4139.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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