Q18. If less of a commodity is always preferred then the commodity is a A. bad B. best C. good (119. is more of any commodity is always preferred. A. Convexity B. Monotonicity C. Complexity Q20. In low rental price, quantity demanded of close apartments exceeds quantity available then price will be A. rise B. equal C. fall (121. In high rental price quantity demanded less than quantity available then price will A. fall B. equal C. rise (122. An curve contains equally preferred bundles. A. Indifference B. Utility C. budget