The cause for the demand curve's movement is: Option 1: Change in income of the Consumer Option 2: Change in price of the given good Option 3: Change in population Option 4: Change in price of raw material

The answer is 'Change in price of the given good'. View full solution:

CUET Economics - The cause for the demand curve's movement is: | PYQs + Solutions

CUET Economics

Micro

Easy

Change in income of the Consumer

Change in price of the given good

Change in population

Change in price of raw material

✅ Correct Option: 2

Related questions:

26 May Shift 2

Anand consumes lesser units of good X when its price falls but more units of X when his income rises. Which of the following statements is true about good X.

22 May Shift 2

The rate at which the consumer is willing to substitute one good for the other is indicated by:

22 May Shift 2

Arrange the following concept emerges in context of consumer equilibrium.

(A) Transfer his expenditure from Good Y to Good X.

(B) Sacrifice more of Good Y to gain Good X.

(D) Suppose, Marginal Rate of Substitution (MRSxy) > Market Rate of Exchnage.

Choose the correct answer from the options given below:

CUET Economics PYQs

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