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:3 June Shift 1On the basis of given data, the slope of the price line will be _________2 June Shift 1The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________29 May Shift 1Arrange the following stages of Consumer's Equilibrium in the correct sequence under the utility analysis (A) Marginal Utility becomes equal to the price of a commodity (B) Marginal utility, derived from a commodity X is greater than Px (C) Increase the consumption of commodity X (D) The consumer reallocates expenditure to maximize satisfaction. Choose the correct answer from the options given below: