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CSS Solved Papers
Physics Chemistry

CSS :: Demand and Supply


  Which of the following statements is incorrect?
[A]. An indifference curve must be downward sloping to the right[B]. Convexity of a curve implies that the slope of the curve diminishes as one moves from left to right
[C]. The elasticity of substitution between two goods to a consumer is zero[D]. The total effect of a change in the price of a good on its quantity demanded is called the price effect

Answer: Option C


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