Consumer behaviour class 11 mcq

  • What are the conditions for the consumer equilibrium Mcq?

    A consumer is considered in equilibrium when, given his cash inflow and the prices of two commodities, he maximizes his satisfaction.
    When the slopes of IC equal the slopes of the budget line, he has reached equilibrium.
    This is what we call consumer equilibrium..

  • What is the consumer behavior in economics?

    Consumer behavior encompasses mental and physical activities that consumers engage in when searching for, evaluating, purchasing, and using products and services.
    In the marketplace, consumers exchange their scarce resources (including money, time, and effort) for items of value..

  • What is the theory of consumer behaviour Class 11?

    A consumer usually decides his demand for a commodity on the basis of utility (or satisfaction) that he derives from it.
    The more the need of a commodity or the stronger the desire to have it, the greater is the utility derived from the commodity.
    Utility is subjective..

  • In more simple words, consumer equilibrium is the term used to describe the case where the consumer spends their income on purchasing goods or services to get maximum satisfaction and has no desire or need to change the consumption, given the prices of commodities are acceptable.
Jan 27, 2021Theory of Consumer Behaviour Class 11 MCQs Questions with Answers1. Inelastic, (b) Demand of Necessary or Essential goods2. Substitute goods 

Are there any multiple choice questions in consumer behaviour MCQ?

These CB multiple-choice questions are useful for MBA, MMS, PGDM, MMM, BBA, Mcom, B Com, and other management students

Students & researchers preparing for NET, SET and Ph D entrance exam can also practice these Consumer behaviour MCQ questions for better score

How many questions are in consumer equilibrium and demand class 11?

Consumer Equilibrium and Demand Class 11 MCQs Test contains 60 questions

Answers to MCQs on Consumer Equilibrium and Demand Class 11 Economics are available at the end of the last question

These MCQ have been made for Class 11 students to help check the concept you have learnt from detailed classroom sessions and application of your knowledge

Where can I learn theory of consumer behavior in CBSE Class 11?

Learn Theory of Consumer Behaviour & get access to important questions, mcq's, videos & revision notes of CBSE Class 11-commerce Microeconomics chapter at TopperLearning

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