Micro

Consumer Behaviour

Easy

The demand for normal good _____ with an increase in income of the consumer.

Moves upward on Demand Curve

Remains unchanged

Decreases

Increases

✅ Correct Option: 4

For a normal good, there is a positive relationship between income and demand. When consumer income rises, demand for a normal good increases.

2025: 15 May Shift 1

The total satisfaction derived from consuming the given amount of commodity X is known as _______

2025: 22 May Shift 1

Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

2022: 16 July Shift 2

A consumer is consuming two goods X and Y.

If Muy=20, Mux=60 price of good Y=Rs 4, then what will be the price of good X if consumer it at equilibrium.

2025: 26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Decrease in consumer's income	(I) Budget line becomes steeper
(B) Increase in price of Good X	(II) Parallel and leftward shift in the budget line
(C) Equal reduction in price of both goods X and Y	(III) Budget line becomes flatter
(D) Increase in price of Good Y	(IV) No change in the slope of the budget line

Choose the correct answer from the options given below:

2025: 22 May Shift 1

Which of the following factor makes the demand curve to shifts leftward for a normal goods?

2025: 22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Parallel inward shift in budget line	(I) M/p₁ > M/p₁'
(B) Parallel outward shift in budget line	(II) M/p₁ < M/p₁'
(C) Budget line steeper	(III) M' < M
(D) Budget line flatter	(IV) M' > M

Choose the correct answer from the options given below:

Solution