The downward movement along the demand curve of a commodity is due to: Choose the correct option. Option 1: Decrease in taxes Option 2: Decrease in the income of the consumer Option 3: Decrease in the price of its substitute Option 4: Decrease in the price of the commodity demanded.

The answer is 'Decrease in the price of the commodity demanded.'. View full solution:

CUET Economics - The downward movement along the demand curve of a commodity is due to: Choose the correct option. | PYQs + Solutions

CUET Economics

Micro

Easy

Decrease in taxes

Decrease in the income of the consumer

Decrease in the price of its substitute

Decrease in the price of the commodity demanded.

✅ Correct Option: 4

Related questions:

11 June Shift 3

In the Linear Demand Curve AB, the elasticity of demand ( $e_D$ ) at point D can be measured geometrically by the formula __________.

27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Consumer's income changes, but prices remain unchanged. The equation of the budget line.	(I) p₁ x₁ + p₂ x₂ = M'
(B) Marginal Rate of Substitution (MRS)	(II) p'₁ x₁ + p₂ x₂ = M
(C) The price of a commodity changes, but income remains unchanged. The equation of the budget line.	(III) Δ Y/ΔX
(D) Total Utility	(IV) $MU₁ + MU₂ + ... + MU_{n-1} + MU_n$

Choose the correct answer from the options given below:

31 May Shift 1

The equation of the demand curve : pq = e, where e is a constant.

Select the INCORRECT statement:

The demand curve is a rectangular hyperbola.
The value of p times q is constant.
The elasticity of demand at all points located on this demand curve is greater than 1.
At every point of consumption, the expenditure remains the same.