Individual demand for a good does not depend upon which of the following? Option 1: Affordability of the consumer. Option 2: Price of substitute good. Option 3: Tastes and preferences of the consumer. Option 4: Number of consumers

The answer is 'Number of consumers'. View full solution:

CUET Economics - Individual demand for a good does not depend upon which of the following? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Micro

Easy

Affordability of the consumer.

Price of substitute good.

Tastes and preferences of the consumer.

Number of consumers

✅ Correct Option: 4

Related questions:

13 May Shift 1

Find the correct statement/statements.

(A) Goods which are consumed together are called complementary goods.

(B) The market demand curve can be derived as a vertical summation of the individual demand curves.

(D) If the consumer's preferences change in favor of a good, the demand curve for such a good shifts leftward.

Choose the correct answer from the options given below:

29 May Shift 1

What is the Marginal Rate of Substitution(MRS)?

(A) The rate at which a consumer is willing to substitute one good for another.

(B) Equal to the slope of the indifference curve.

(D) Is constant for perfect substitutes.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 3

Match List - I with List - II.

List - I	List - II
(A) Indifference curve	(I) Shows various combination of two goods that give the same utility to the consumer
(B) Production possibility curve	(II) Shows various combination of two goods that can be produced by an economy
(C) Budget line	(III) Shows various combination of two goods that can be purchased by the consumer
(D) Demand curve	(IV) Shows inverse relationship between price of the given commodity & its quantity demanded

Choose the correct answer from the options given below :