Mphil JNU 2014 CESP Paper Discussion

Posted by Ayushya Kaul on May 05, 2016; 5:14pm
URL: http://discussion-forum.276.s1.nabble.com/Mphil-JNU-2014-CESP-Paper-Discussion-tp7600412.html

Hi, I just attempted the 2014 paper.
Had a couple of doubts so I'll just open it up to discussion.

ECONOMICS_STUDIES_AND_PLANNING_FIELD_OF_STUDY_CODE_-ECOP(136).pdf

Question 4) Which of the following assumptions ensures that indifference curves drawn over two normal goods never cross?

1) Decreasing MU from higher consumption of each good
2) Positive MU from higher consumption of either good
3) Non-zero substitution possibilities between the two goods
4) Negative cross-price elasticity across the two goods