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SSC Sample Paper SSC (Group-C) Sample Test Paper-1

  • question_answer
    Which of the following curve describes the variation of household expenditure on a particular good with respect to household income?

    A)  Demand curve

    B)  Engel curve  

    C)  Great Gatsby curve

    D)  Cost curve

    Correct Answer: B

    Solution :

     In microeconomics, an Engel curve describes how household expenditure on a particular good or service varies with household Income. The curve is named after the German statistician Ernst Engel (1821-1896), who was the first to investigate this relationship between goods expenditure and income systematically in 1857.


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