The demand for normal good _____ with an increase in income of the consumer. Option 1: Moves upward on Demand Curve Option 2: Remains unchanged Option 3: Decreases Option 4: Increases

The answer is 'Increases'. View full solution:

CUET Economics - The demand for normal good _____ with an increase in income of the consumer. | PYQs + Solutions

CUET Economics

Micro

Easy

Moves upward on Demand Curve

Remains unchanged

Decreases

Increases

✅ Correct Option: 4

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The total sum that the consumer has to spend on wheat in 2022?

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Match List-I with List-II

List-I	List-II
(A) Cardinal utility	(I) Ranking consumption bundles.
(B) Perfect substitute goods	(II) Level of utility can be expressed in numbers.
(C) Ordinal Utility	(III) The marginal Rate of Substitution is 1.
(D) Complimentary goods	(IV) An increase in the price of one good does not lead to an increase in demand for another good.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 1

If the budget line is tangent to an indifference curve at a point, absolute value of the MRS and the Budget line are __________ at that point.