Increase in the income of buyers (in case of inferior goods) will cause _________ Option 1: Fall in equilibrium price and quantity. Option 2: Rise in equilibrium price and quantity. Option 3: Fall in equilibrium price and quantity to rise. Option 4: Rise in equilibrium price and quantity to fall.

The answer is 'Fall in equilibrium price and quantity.'. View full solution:

CUET Economics - Increase in the income of buyers (in case of inferior goods) will cause _________ | PYQs + Solutions

CUET Economics 2025 3 June Shift 1

Micro

Medium

Fall in equilibrium price and quantity.

Rise in equilibrium price and quantity.

Fall in equilibrium price and quantity to rise.

Rise in equilibrium price and quantity to fall.

✅ Correct Option: 1

Related questions:

28 May Shift 1

How would the decrease in the price of Good-X impact the budget line, when the price of Good-Y and Income remain unchanged?

The intercept points of both Good-X and Good-Y will shift outward.
The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.
The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.
The intercept points of both Good-X and Good-Y will shift inward.

27 May Shift 2

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

CUET Economics 2022 Slot 5

Match List - I with List - II.

Choose the correct answer from the options given below :