CUET Economics - Suppose, there is an increase in the income of the consumers, that shifts the demand curve to the right. What will be the change in the equilibrium condition? | PYQs + Solutions

CUET Economics 2026 23rd May Shift 1

Micro

Easy

New equilibrium will be attained at a higher price and a higher quantity.

Excess supply at the initial point of equilibrium.

New equilibrium will be attained at a higher price and a lower quantity.

New equilibrium will be attained at a lower price and a lower quantity.

✅ Correct Option: 1

Related questions:

2 June Shift 1

Which of the following is a demerit of price ceiling?

(A) Black Marketing.

(B) Stability of income of producers.

(D) Standing in long queues to get allocated quota of the commodity.

Choose the correct answer from the options given below:

31st May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Floor Price	I.	Decrease in supply
B. Price ceiling	II.	Setting the minimum price
C. Leftward shift in supply & demand curve	III.	Increase in demand
D. Rightward shift in demand and supply curve	IV.	Setting the maximum price

Choose the correct answer from the options given below:

31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Demand shifts right and supply remains unchanged.	(I) Price increase, quantity increases.
(B) Supply shifts right and demand remains unchanged.	(II) Price decrease, quantity increases.
(C) Demand shifts left and supply shifts left.	(III) Quantity decreases.
(D) Supply shifts right and demand shifts right.	(IV) Quantity increases.

Choose the correct answer from the options given below:

CUET Economics 2026 23rd May Shift 1 PYQs