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

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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 :