a consumer consumes only 2 goods if price of one good falls indifference curve will??
shift upward, shift downward, can shift bth upward and downward or does not shift

Dear Student,

This question is from Economics Board Paper 2015, Abroad, Set-2. Follow the link to view the answer to your question and scroll down to Q-1.

https://www.meritnation.com/cbse/class12-commerce/board-papers/economics/introductory-microeconomics/cbse-class-12-economics-board-paper-2015-abroad-set-2-solutions/starttest/d@oUfPMwqMv6GaSVW3dgBA!!

  • 10
no shift because indifferance curve is based on satisfaction/utility and not price......It will shift the budget line
  • 8
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