CUET Economics 2025 22 May Shift 1Micro > MediumWhen the consumer's income increases.Consumer's preferences change in favour of a good.The price of goods decrease.When the consumer's income decreases.✅ Correct Option: 4Related questions:29 May Shift 1A consumer derives 10 utilities of satisfaction from consuming 1st unit of good X and 6 utilities of satisfaction from the next unit. What is the marginal utility of the second unit?21 May Shift 1Arun spends 200 rupees on good X irrespective of its price whereas Varun buys 10 units of Good X irrespective of its price. The respective values of the price elasticity of demand for Good X for both the consumers is16 May Shift 1Match List-I with List-II List-IList-II(A) Increase in price of goods X(I) Increase in demand for normal goods.(B) Increase in income of consumers(II) Demand is price inelastic(C) Good X is a necessary good(III) Unit elasticity of demand.(D) Demand curve of Good X is a rectangular hyperbola(IV) Contraction in demand for good X Choose the correct answer from the options given below: