Define utility.

Mention the classifications of wants

Name the basic approaches to consumer behaviour.

State the meaning of indifference curves.

Write the formula of consumers surplus?

What are Giffen goods? Why is it called so?

Define budget line.

What do you mean by indifference map?

What are the degrees of price elasticity of demand?

What is consumption?

Define Price line?

Define consumption.

State the Criticism made on 'Consumer's Surplus'.

What is 'Demand according to Stonier and Hague.

Define Marginal Rate of Substitution.